Spring-heeled stocks soar past 111,000 points

– The Pakistan Stock Exchange (PSX) on Tuesday continued its rally of 111,000 points amid a rosy economic picture. The stock gained strength for the 10th day in a row, which is a sign of improvement in the country’s economy. Further discussions on the disbursement of International Monetary Fund debt and climate funding have been proverbial. Has been galloping for over a month now. Another reason for the current market sentiment lies in the policy rateThere is an upcoming meeting of State Bank on deficit. The monetary policy committee meeting of the central bank is expected on December 16. On Monday, stocks faced a jitter in early trading with the benchmark KSE-100 index losing over 1,000 points in the early hours. But he soon bounced back and crossed 110,000 points after gaining more than 1,000 points. Monday’s trade is ultimately compared to Friday’s (last business day of the week) figuresIt closed at 109,970 after gaining 916 points. The KSE-100 index achieved one milestone after another in November. Mainly for recent loan disbursements by the IMF amid repeated reports of economic stabilization. An assurance deal with international lenders and Pakistan’s economic czar Mohammad Aurangzeb has boosted investor confidence in recent days, rejecting a smaller budget.