PSX gains 240 points to Surpass 48k level With A 4% Economic Growth Rate

Trading in the Pakistan Stock Exchange (PSX) began on a positive note as the PSX has surpassed the 48k level with a 4% economic growth rate.

Mahmood Moulvi, the Special Assistant to Prime Minister Imran Khan on Maritime Affairs, in his tweet said that the PSX is at a four-year high as the KSE-100 index gains 240 points.

“InshaAllah, Govt will provide further relief in the upcoming budget,” added.

Pakistan is on its way to economic stability. PSX surpasses 48k level

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In last 10 months, current account is in surplus. Govt achieved about 4% economic growth rate. Large-scale manufacturing is growing rapidly. InshaAllah, Govt will provide further relief in upcoming budget

— Mahmood Moulvi (@MoulviMahmood) June 1, 2021

On Monday, the KSE-100 Index rose 1.37 per cent to 47,770 on the first day of the week.

More than one billion shares have been traded so far during the trading session. The value of the shares traded is Rs. 23.74 billion.

Furthermore, the weekly report of the Pakistan Stock Exchange stated that new trading records of the shares set during the week and the 100 Index closed at 47126 with an increase of 1211 points.

The stock market witnessed a turnover of Rs 137 billion during the week, with a record turnover of 1.56 billion shares on Wednesday and 2.20 billion shares on Thursday, while the market capitalization increased by Rs 169 billion to Rs 8,131 billion in one week.

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On the other hand, Prime Minister Imran Khan has appointed Mahmood Moulvi as his special assistant on Maritime Affairs on Tuesday.

In a tweet, Mahmood Moulvi has extended thankfulness to Prime Minister Imran Khan and Maritime Affairs Minister Ali Haider Zaidi for this prestigious position.

“Alhamdulillah, I have been appointed as Special Assistant to Prime Minister on Maritime Affairs. I would like to thank honourable PM Imran Khan and Federal Minister of Maritime Affairs Ali Zaidi for honouring me with this position,” the tweet read.

Alhamdulillah, I have been appointed as Special Assistant to Prime Minister on Maritime Affairs. I would like to thank honourable PM @ImranKhanPTI and Federal Minister of Maritime Affairs @AliHZaidiPTI for honouring me with this position.

— Mahmood Moulvi (@MoulviMahmood) May 25, 2021

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