Stocks continue to trade in green amid improved macroeconomic indicators

The Pakistan Stock Exchange (PSX) saw a rally due to encouraging statements by the International Monetary Fund (IMF) during its recent concluding visit. The benchmark KSE-100 index was trading at 95,808.71 points after gaining 813.04 points. On Tuesday, buying increased across sectors including cement, commercial banks, oil and gas exploration companies, OMCs, pharmaceuticals and power generation.. Index heavy stocks, including Habco, PSO, SBGPL, MARI, OGDC, PPL, MEBL and MCB also. Financial losses were incurred. The continued bullishness of the market is believed to be due to several factors, mainly finance minister Muhammad Aurangzeb’s denial of news about the prospect of a mini-budget. In addition, the increase in Pakistan’s foreign exchange reserves also helped boost investor confidence.