Pakistani stock exchange closed at a record high on Wednesday as the benchmark Karachi Stock Exchange (KSE) index of 100 shares closed at 30,593 points, up 217 points or 0.71 per cent.
The economic analysts credited the stock rise to falling inflation and commodity prices as well as an easing of political tensions in the country. A senior economic analyst, Maqsud Qadir told KUNA, "The investors' focus has shifted towards economic matters from the political affairs of the country resulting in rise of the stocks." The government of Pakistan cut the petroleum prices by an average of eight per cent last week in line with international fall in commodity that is the largest price relief in Pakistan. Earlier in July, the stocks touched the peak of 30,474 points but it fell in August due to political instability and protests against the government in federal capital Islamabad.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor