{"id":1127,"date":"2023-11-04T13:48:27","date_gmt":"2023-11-04T13:48:27","guid":{"rendered":"https:\/\/kbf.afeefpackages.com\/?p=1127"},"modified":"2023-11-06T08:17:09","modified_gmt":"2023-11-06T08:17:09","slug":"psx-soars-to-all-time-high-on-positive-macros","status":"publish","type":"post","link":"https:\/\/kbf.afeefpackages.com\/index.php\/2023\/11\/04\/psx-soars-to-all-time-high-on-positive-macros\/","title":{"rendered":"PSX soars to all-time high on positive macros"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1127\" class=\"elementor elementor-1127\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb49101 elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb49101\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" 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.elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>KSE-100 jumps to an all-time high of 53,263.07 points during the intra-day trade<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d0fe230 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d0fe230\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d64f7f4\" data-id=\"d64f7f4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e634f9 elementor-widget elementor-widget-image\" data-id=\"8e634f9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"400\" src=\"https:\/\/kbf.afeefpackages.com\/wp-content\/uploads\/2023\/11\/517307_8659231_updates.webp\" class=\"attachment-large size-large wp-image-1130\" alt=\"\" srcset=\"https:\/\/kbf.afeefpackages.com\/wp-content\/uploads\/2023\/11\/517307_8659231_updates.webp 700w, https:\/\/kbf.afeefpackages.com\/wp-content\/uploads\/2023\/11\/517307_8659231_updates-300x171.webp 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6fe084 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6fe084\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d7ad59\" data-id=\"4d7ad59\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1deecfe elementor-widget elementor-widget-text-editor\" data-id=\"1deecfe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>KARACHI: The Pakistan Stock Exchange (PSX) Friday soared to an all-time high as it rallied over 450 points \u2014 crossing the 53,000 barrier for the first time in history \u2014 driven by clarity regarding the stand-by agreement with the International Monetary Fund (IMF) and the general elections date.<\/p>\n<p>Benchmark KSE-100 index jumped to an all-time high of 53,263.07 points during the intra-day trade but closed at 53,123.03 points with a change of 466.27 points or 0.89%.<\/p>\n<p>Arif Habib Limited wrote on X, formerly Twitter, that the market has achieved a remarkable milestone by soaring to unprecedented all-time high levels, surging past previous records and &#8220;setting a new era of financial excellence&#8221;.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8fcd515 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8fcd515\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c18d964\" data-id=\"c18d964\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d38cda elementor-widget elementor-widget-text-editor\" data-id=\"9d38cda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p class=\"\">Capital market expert Saad Ali told&nbsp;<i>Karachi Business Forum<\/i>&nbsp;that the market was driven by abating political risk,&nbsp;macro indicators moving in the right direction,&nbsp;the expectation of a favourable IMF review and anticipation of rate cuts in the near term.&nbsp;<\/p>\n<p class=\"\">&#8220;However, the market remains cheap by historical standard at only 4x forward earnings,&#8221; he said.<\/p>\n<p class=\"\">Pakistan-Kuwait Head of Research, Samiullah Tariq, told&nbsp;<i>Karachi Business Forum:&nbsp;<\/i>&#8220;Strong&nbsp;earnings, expectations of clearing IMF review, and expectations of a decline in interest rates in the future are driving the market.&#8221;<\/p>\n<p class=\"\">In October, the KSE-100 index was announced as the world\u2019s third best-performing market as it touched a six-year high level of 51,920 points.<\/p>\n<p class=\"\">A day earlier, the IMF&nbsp;delegation in Pakistan lauded the steps taken by Pakistan but emphasised that Pakistan has to strictly implement all the targets.<\/p>\n<p>The IMF mission led by Nathan Porter had arrived in Pakistan a day earlier to lead the two-week-long talks on the second tranche under the SBA.<\/p>\n<p class=\"\">Dr Akhtar assured the IMF that targets are being implemented under the loan programme and that all the conditions of the IMF have been implemented so far.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>KSE-100 jumps to an all-time high of 53,263.07 points during the intra-day trade KARACHI: The Pakistan Stock Exchange (PSX) Friday soared to an all-time high as it rallied over 450 points \u2014 crossing the 53,000 barrier for the first time in history \u2014 driven by clarity regarding the stand-by agreement with the International Monetary Fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1130,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts\/1127"}],"collection":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/comments?post=1127"}],"version-history":[{"count":15,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts\/1127\/revisions"}],"predecessor-version":[{"id":1450,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts\/1127\/revisions\/1450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/media\/1130"}],"wp:attachment":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/media?parent=1127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/categories?post=1127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/tags?post=1127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}