By the end of the workweek, the KSE-100 index had increased by 468 points, or 0.70 percent, to 65,793 points.
The KSE-100 index peaked at an astounding 66,150 points over the week, indicating the confidence of investors. On the other hand, the KSE-100 index dropped to 65,187. Since these fluctuations are a natural part of the stock market, it is important for investors to keep a close eye on its dynamics and make wise judgements.
Trading during the week the market witnessed a volume of total 2.12 billion shares worth Rs 82.59 billion were transitioned.
In addition, during the course of the week, the market capitalization increased significantly by Rs 42 billion, totaling Rs 9,354 billion as opposed to Rs 8,717 billion.
Prior to this, the International Monetary Fund (IMF) stated on Friday that it would encourage the settlement of conflicts relating to the previous month’s election and would back Pakistan’s economy if the government requested one.
Low on funds Pakistan has struggled since the election on February 8, which postponed the establishment of a coalition administration until Monday, when Shehbaz Sharif, the new prime minister, took office. However, the IMF announcement increased investor confidence and contributed to the extraordinary bond market surge for the nation.
Read more: Imran Khan Seeks IMF Election Audit
An email from an IMF representative stated, “We look forward to engaging with the new government to complete the second review under the current stand-by arrangement and, should the government request, support the formulation of a new medium-term economic programmed.”