Karachi: After a few rough starts in the past few days, the Pakistan Stock Exchange (PSX) showed signs of improvement this morning.
Around 9:30 AM, when trade started, the benchmark KSE-100 index went up by 240.42 points, or 0.5%.
At the end of trading last night, the market was at 48,325.84 points. It is now around 48,566.26 points.
Even though the economy has a lot of problems and the outlook for inflation is bad, which has made traders nervous, the finalisation of the country’s acting cabinet last night gives people hope that things will get better.
Anwaarul Haq Kakar, the interim prime minister, has said things that show a strong focus on the development plan. He called the Special Investment Facilitation Council (SIFC) in particular a “ray of hope” for Pakistan’s economic growth.
But it’s still not clear how the plans to improve the economic policies of the outgoing government will work out.
More to follow…
