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Karachi: The index regained the 40000 points level in the weekly trade.
The Pakistan Stock Exchange rallied last week despite the start of implementation of other conditions related to the IMF’s loan program recovery, including the freeing of the dollar, and interest rates hitting a 27-year high.
The possible restoration of the loan program increased the interest of local and foreigners, along with local investors, foreigners also made preferential investments in oil and gas refineries, due to which the market graph continued to rise in most sessions. The prices were also affected.
In the weekly trade, the index regained the level of 40000 points, bearish in the first session and bullish in the remaining 4 sessions, with a major rally of 1061 points mid-week.
Due to the overall boom, the value of the shares increased by 2 trillion 17 billion 60 crore 90 lakh 87 thousand 167 rupees, with which the total capital of the market also increased to 63 trillion 51 billion 69 crore 10 lakh 86 thousand 817 rupees.
There was also short-term buying and profit-taking in weekly trading as these sectors continued to bear negative concerns about the future of the economy.
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