PSX gains 4 percent after KSA bailed out PM Khan

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.

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