KARACHI: Pakistan Stock Exchange (PSX) gains 4% after Prime Minister’s visit to Saudia Arabia went successfully to bail out Pakistan.
The Current Market indicates positivity since the market opening this morning, approx 4% percent increase has been noticed so far.
The confidence in the market is back to the track after severe depression caused due to Pakistani Rupee devaluation.
Pakistan Stock Exchange ( PSX Trending)
Asian markets are experiencing a sell-off pressure for a few weeks now. PSX succumbed to the pressure and had a major sell-out. This resulted in a significant decrease in market volume and PSX index.
The perception of PTI government failing to come up with a plan added fear to the market, however, after yesterday’s progress in KSA, investors are regaining the trust in the market.