KARACHI: The Pakistan Stock Exchange (PSX) continued its recovery on the first trading day of rollover week on Monday with the benchmark KSE-100 index gaining about 180 points as positive macros helped the index surpass the 46,000-point mark.
The uptrend was driven by the National Accounts Committee (NAC)’s provisional estimate of 3.94% gross domestic product (GDP) growth for Pakistan in the current fiscal year, which would end on June 30.
Investors rejoiced the news of a business-friendly budget with Finance Minister Shaukat Tarin hoping that in the next fiscal year the government could achieve 5% economic growth.
Moreover, optimism about status quo in the monetary policy announcement this week and rise in cement prices further fuelled the market momentum.
