KARACHI: On Tuesday, stocks spiked on speculation that Prime Minister Shehbaz Sharif, who is currently in China on an official visit, would return with some financial support or guarantees from Beijing to support the country’s dwindling foreign exchange reserves.
In order to close at 41,808.69 points, the KSE-100 index increased 544.03 points, or 1.32%.Despite the fact that the consumer price index inflation for October came in at 26.6%, which is higher than market expectations, Topline Securities said the day began on a good note at the Pakistan Stock Exchange (PSX). The PTI’s slow march toward Islamabad appears to have been taken in by the market.
“Cements led initial increases, propelled by a decline in the price of international coal, while Lucky Cement, Maple Leaf Cement Factory,
