Karachi: Pakistan Stock Exchange (PSX) seen a positive development as KSE 100 Index gained over 1500 points today.
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 US dollar has also seen a fall of Rs1.21 against the Pakistani Rupee in the interbank market. However, the USD to PKR ratio observed at Rs132.7.
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.
PM Imran Khan yesterday has arrived Saudi Arabia to attend the much-anticipated investment conference.
Participation of PM Imran Khan on the conference’s first day, that offers an opportunity to deal with key business leaders. However, it can bring investment in Pakistan and enhance the Pakistan’s economic and investment potential as well as its vision for the upcoming years.
In just over a month, PM Imran Khan second time visited Saudi Arabia. However, in last visit, he didn’t found success in gaining significant financial aid to effectively deal the payment crisis. Last time he visited Saudi Arabia on September 18.