After Eid holidays, the Pakistan Stock Market saw a significant surge, with the 100 Index rising by 2237 points. A potential drop in oil prices is expected to reduce inflation.
Karachi: (Right Now News) The first trading day after Eid holidays saw a significant surge in the stock market. The 100 Index increased by 2237 points, closing at 173,962 points.
On the last trading day of the week at the Pakistan Stock Exchange, both sessions ended positively. During trading, a rise of 2381 points was observed, restoring key levels.
According to stock brokers, investors and financial institutions were expecting a significant drop in oil prices. A decrease in oil prices is anticipated to reduce inflation and business costs.
In this situation, investors are optimistic about a potential Iran-US deal, which is expected to have positive effects.
It is noteworthy that the stock market has maintained upward pressure recently, with increased investor interest being observed.
