KARACHI: The Pakistan Stock Exchange (PSX) largely ignored political uncertainty on Monday, the first day of the rollover week, notching up modest gains as investors focused on encouraging economic data.
According to the State Bank of Pakistan (SBP), the current account deficit fell “sharply” to $0.5 billion, the lowest level in the ongoing fiscal year 2021-22.
Furthermore, Finance Minister Shaukat Tarin assured the nation that talks with the International Monetary Fund (IMF) regarding the seventh review of the $6 billion loan programme will be finalised this week, which boosted investors’ confidence.
Moreover, a deal between the government and Barrick Gold Corporation regarding Reko Diq kept the investment climate optimistic.
At the close, the KSE-100 index gained 200.25 points, or 0.47%, to settle at 43,230.22 points.
