KARACHI: The benchmark KSE-100 index posted nominal gains on Monday, helping the bulls keep control of the Pakistan Stock Exchange (PSX) for a second straight day.The upward trend was fueled by the Pakistani rupee’s ongoing strengthening value relative to the US dollar, as well as a rebound in the international and Asian stock markets.
Additionally, investors’ confidence was boosted by expectations of favourable financial performance for the first quarter of the fiscal year 2022–23.
However, the market came under pressure near the conclusion of the day and during intraday trading. Concerns about the current International Monetary Fund (IMF) programme have been voiced in response to the government’s move to reduce gasoline prices by Rs12.63.
The benchmark KSE-100 index increased 83.03 points or 0.20% to settle at 41,211.70 points.
