Karachi Stock Exchange has seen another positive trend as KSE 100 Index increased by over 900 points on Monday (today).
KSE 100 Index gained over 900 points in the intra day trading today. The Pakistan Stock Exchange or PSX hovered around the 7 weeks high at 41,500 on the back of renewed buying. At one time, the KSE 100 Index goes up at 41,287.82 points.
Earlier, the index cumulatively soared to 7.5% in last three sessions to 40,556.45 points on Friday. It is up from the 28 month low in the previous session.
On Thursday, KSE 100 Index gained 1556 points and reached to 39,271 points. However, 4.13% increase is observed in index as the stock market opened on Wednesday.
The positive trend observed after PM Imran Khan secured $6 billion Saudi loan from Saudi Arabia on an annual basis. However, it will be for one year in the form of cash assistance and oil on deferred payments.