The Pakistan Stock Exchange (PSX) experienced an upward trajectory on Wednesday, as the benchmark KSE-100 index climbed by over 800 points, or 1.3%, mainly due to positive sentiment developed by progress on privatisation along with foreign portfolio investment in government papers.
According to the PSX website, the cement and steel sectors led the bulls’ movement backed by transport, technology and communication, and commercial banking sectors.
The benchmark index gained 869.77 points or 1.3% to close at 67,756.03 level. This surge also follows a period of modest gains linked to a lower-than-projected inflation rate of 22 months, prompting expectations of a potential rate cut in coming months.
Market analysts highlighted market optimism, particularly with the progress on the privatization efforts for Pakistan International Airlines (PIA) and the influx of foreign portfolio investment.
Some experts have recognised the impact of improved cement sales figures and foreign investments in rupee-denominated government papers on market dynamics.
Profit reported on Tuesday that cement despatches increased by 3.85% to 3.941 million tons in March 2024 against 3.795 Million tons despatched during the same month of last fiscal year.
Cement exports also increased by 38.02% as the volumes increased from 438,433 tons in March 2023 to 605,142 tons in March 2024.
The overall market optimism is further supported by structural reforms and privatization efforts, indicating a positive outlook for Pakistan’s economic environment and investor confidence.
HOW I FINALLY RECOVERED MY LOST BITCOIN:
Do you need help on how to recover lost or stolen Bitcoin from fake  investment scammers? I lost all my Bitcoin to a fake investment scam to someone I met online. After losing my Bitcoin investments, I was determined to find a solution. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about  GEO COORDINATES HACKER. I am incredibly grateful for the exceptional service, and wanted to inform you all about this positive outcome. They emphasized their excellent strategy for Bitcoin recovery. In order to assist people and companies in recovering their lost or stolen cryptocurrencies. They guarantee that misplaced bitcoins have an opportunity to be recovered with their excellent services. If you or anyone you know ever finds yourselves in a similar unfortunate situation, I highly recommend reaching out to GEO COORDINATES HACKER. Contact Info Email:
(Â [email protected]Â )
Email; (Â [email protected]Â )Telegram ( @Geocoordinateshacker )Website;Â https://geovcoordinateshac.wixsite.com/geo-coordinates-hack