Pakistan stock exchange becomes top performing stock exchange of the world| Times of Islamabad

iltaf

Chief Minister (5k+ posts)
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ISLAMABAD - Pakistan stock market continued it’s bullish rally on the eighth consecutive day on Monday.

The KSE-100 index maintained an uptrend from the moment trading began as investors enjoyed IMF’s satisfaction over Pakistan’s economic trajectory and resumed buying activity.

At the end of the day, the benchmark index gained 824 points (or 2.29%) to close at 36,803 points.

The exchange traded in the green zone throughout the trading session making a high of 839 points. Banks, Oil, power & OMC sectors pulled the overall sentiment of the market upward where HBL (+2.27%) closed on the back of IMF comments on Pakistan economy & capping its inflation expectation from 13% to 11.8%, said Usama Bin Saeed, who is a Senior Manager Institutional Sales at Multiline Securities.

He further stated that a rally in the Power sector was also witnessed on the back of Rs. 200 billion government Sukuk easing Oil, IPP & OMC receivables. UBL (3.94%), OGDC (3.09%), PPL (2.19%), POL (3.11%), HUBC (5%) PSO (5%) were the major gainers of the aforementioned sector.

Pakistan’s stock market has rallied back strongly in a few months, becoming the best performer globally since the low in August. It has been the 6th best performing market since July this year and since October 1st, it has posted a return of 14.1% all alone.
 

Londoner/Lahori

Minister (2k+ posts)
It’s a good indication, sovereign funds and hedge funds are showing confidence and investing in 100 company indexes, also Pakistan.
 

Jack Squire

MPA (400+ posts)
Stock exchange is not a measure for economic prosperity. It just means a bunch of rich people got richer. This is a meaningless indicator.
Any idea how the Ashabah (RA) prospered (case in point Hazrat Usman, Umar RA) -- they made profits which were then reinvested in their businesses in turn employing hundreds... so actually a good thing that investors are making some money (hopefully they reinvest and NOT take the money out of Pak)....
 

wasiqjaved

Chief Minister (5k+ posts)
اسٹاک ایکسچینج نیچے ہو تو پٹواری کہتا ملک تباہ ہوگیا

اسٹاک ایکسچینج اوپر جائے تو کہتا اس سے معشعیت کا کوئی لین دین نہیں.​
 

Eye on Pak

MPA (400+ posts)
Stock exchange is not a measure for economic prosperity. It just means a bunch of rich people got richer. This is a meaningless indicator.
Yes specillay countries like Pakistan where probably less than 5% of the companies are on PSE.
 

Eye on Pak

MPA (400+ posts)
اسٹاک ایکسچینج نیچے ہو تو پٹواری کہتا ملک تباہ ہوگیا

اسٹاک ایکسچینج اوپر جائے تو کہتا اس سے معشعیت کا کوئی لین دین نہیں.​
Patwari jo theraa khottay ka puttar