<\/p>\n
The Pakistan Stock Exchange\u2019s benchmark KSE-100 index traded in the green in early morning trade on Wednesday and crossed the 54,000 barrier.<\/p>\n
At 11:30am, the index gained 615.22, or 1.14 per cent, from the previous close of 53,735.73 to reach 54,350.95.<\/p>\n
Mohammed Sohail, chief executive of Topline Securities, said, \u201cAnother high touched by KSE-100 index reaching 54400 during the trading this morning.\u201d<\/p>\n
He said the positive sentiment was due to expectations building that interest rates may come down sooner than expected after a fall in global oil prices, which will help in easing inflation in Pakistan.<\/p>\n
Faran Rizvi, head of equity sales at JS Global, said that the market has entered uncharted territory, and is technically being overbought and potentially in need of a pause at these levels.<\/p>\n
However, he cautioned that the stock valuations remain remarkably low, and investors are actively seeking opportunities that have yet to fully materialise.<\/p>\n
\u201cStock valuations have declined to just one-third of the index\u2019s peak as observed back in May 2017.<\/p>\n
\u201cTo provide a specific example, the price-to-earnings multiple \u2014 a measure of a company\u2019s share value relative to its per-share earnings \u2014 stood at 12 in May 2017 when the index was around 52,800 points. Presently, this multiple has dwindled to a mere four, even as the benchmark hovers around 54,500 points.\u201d<\/p>\n
More to follow<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Pakistan Stock Exchange\u2019s benchmark KSE-100 index traded in the green in early morning trade on Wednesday and crossed the 54,000 barrier. At 11:30am, the index gained 615.22, or 1.14 per cent, from the previous close of 53,735.73 to reach 54,350.95. Mohammed Sohail, chief executive of Topline Securities, said, \u201cAnother high touched by KSE-100 index […]<\/p>\n","protected":false},"author":2,"featured_media":22448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/11\/0811394122efe19.png?r=114020","fifu_image_alt":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-22447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/22447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=22447"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/22447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/22448"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=22447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=22447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=22447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}