Pakistan benchmark share index extends rally, breaches 73,000
Pakistan's benchmark share index breached the key level of 73,000 to trade at a record high of 73,300 in early trade on Monday, according to data from the Pakistan Stock Exchange website.
Pakistan's benchmark share index breached the key level of 73,000 to trade at a of 73,300 in early trade on Monday, according to data from the website.The index has surged 75.4% over the past year and is up 12.5% year-to-date.
The Central Bank's monetary policy will announce a policy rate decision later in the day, and the International Monetary Fund's executive board will meet on Monday to decide on releasing the final tranche of $1.1 million to the cash-strapped nation. (Reporting by Ariba Shahid in Karachi; Editing by Jacqueline Wong, Ros Russell and Kim Coghill)
Source: Stocks-Markets-Economic Times
