KSE-100 touches 32-week high as economic, business fundamentals improve ...palestine

The KSE-100 Index, a gauge to measure the stock market’s overall performance, reached its highest level in over two and a half years following reports that the government and independent power producers have reached an agreement to clear the power sector’s dues. Slowing inflation numbers and higher exports in December added to the already bullish sentiments of investors. Within minutes of its opening the market surged by more than 500 points and broke past 45,000 points, the level last seen in the first week of May 2018. However, some resistance was observed soon after and by mid-day, the benchmark index was hovering at 44,600 points. “The government is expected to release pay

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KSE-100 touches 32-week high as economic, business fundamentals improve ...palestine

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