KARACHI: KSE-100 index reacted positively to the news that China and Saudi Arabia will give a $13 billion financial package to Pakistan as Pakistan stock exchange (PSX) witnessed a bullish trend on Tuesday, gaining 218.00 points, a positive change of 0.52 percent, closing at 42,265.36.
Federal Minister for Finance and Revenue Ishaq Dar earlier said that the government has secured financial commitments of over $13 billion from friendly countries.
“To fulfil its international and commercial obligations, Pakistan must repay $22 billion over the course of the next 12 months,” Dar stated this in an interview with a private channel on Monday night “The country’s current account deficit is estimated to be about $10 billion to $12 billion, which needs to be paid back.”
“However, we have covered half the mileage … we have secured financial commitments of around $13 billion to $14 billion, which includes commitments from China and Saudi Arabia,” said Dar, adding that he would visit UAE in the coming days.
A total of 84,502,982 shares were traded during the day as compared to 240,219,754 shares the previous day, whereas the price of shares stood at Rs4.
15 billion against Rs5.447 billion on the last trading day.
Around 379 companies transacted their shares in the stock market, 195 of them recorded gains and 150 sustained losses, whereas the share price of 34 companies remained unchanged.
The three top trading companies were FFL with 31,070,349 shares at Rs 6.35 per share followed bt WTL with 22,922,021 shares at Rs1.57 per share and CNERGY with 14,282,996 at Rs 5.00 per share.
