BUSINESS

PSX At Close

Bulls of the Pakistan Stock Exchange managed to chase bears away from the market. As indices drove north for almost entire session with KSE 100 index crossing the 34,000 mark, foreign investors were net sellers once again today with a net outflow of 2.56 million U.S dollar.

Governor State Bank of Pakistan Reza Baqir while addressing an interactive session with foreign investors said that reforms undertaken to address macroeconomic challenges faced by economy have now become fruitful as improvement in the external sector is gradually becoming visible. Adding that monthly current account deficit has declined, exports have grown and non borrowed foreign exchange reserves have begun to rise.

The K.S.E-100 index marked its intraday high of 34,047.11 crossing the 34,000 mark during final hour of trade. The index ended higher by 503.96 points at 34,027.70. Appreciating by 985.61 points.

The K.M.I-30 index settled at 54,473.58. While, the K.S.E all share index went up by 1.60 percent ending at 24,574.58.

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