{"id":24063,"date":"2023-11-13T06:24:08","date_gmt":"2023-11-13T06:24:08","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/psx-continues-bullish-run-crosses-56000-milestone-in-intraday-trade\/"},"modified":"2023-11-13T06:24:08","modified_gmt":"2023-11-13T06:24:08","slug":"psx-continues-bullish-run-crosses-56000-milestone-in-intraday-trade","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/psx-continues-bullish-run-crosses-56000-milestone-in-intraday-trade\/","title":{"rendered":"PSX continues bullish run, crosses 56,000 milestone in intraday trade"},"content":{"rendered":"<p><\/p>\n<div dir=\"auto\">\n<p>The benchmark index of the Pakistan Stock Exchange (PSX) continued its momentum from the preceding session on Monday and crossed the 56,000 milestone.<\/p>\n<p>According to the <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.psx.com.pk\/\">PSX website<\/a>, the KSE-100 index struck a high of 56,098.33 points during early morning trade, up 649.80 points or 1.17 per cent from the previous close of 55,391.36 points.<\/p>\n<p>Last week, the local bourse hit a <a href=\"https:\/\/www.dawn.com\/news\/1788564\">significant milestone<\/a> as its benchmark surpassed the 55,506-point mark, fuelled by the first loan review by the International Monetary Fund (IMF) and a decrease in cut-off yields for Pakistan Investment Bonds.<\/p>\n<p>Speaking to <em>Dawn.com<\/em> today, JS Global Head of Equity Sales Faran Rizvi said the KSE-100 index was nearing a new high, potentially encountering profit-taking, despite maintaining an overall bullish trend.<\/p>\n<p>\u201cA confirmation above 56,500 could trigger a new rally, aiming for levels between 59,000 and 60,000,\u201d he added.<\/p>\n<p>However, Rizvi said prudent investors were advised to engage in cautious buying at the current levels and implementing strict stop-loss measures.<\/p>\n<hr\/>\n<p><em>More to follow<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The benchmark index of the Pakistan Stock Exchange (PSX) continued its momentum from the preceding session on Monday and crossed the 56,000 milestone. According to the PSX website, the KSE-100 index struck a high of 56,098.33 points during early morning trade, up 649.80 points or 1.17 per cent from the previous close of 55,391.36 points. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24064,"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\/1310080080e8948.png?r=100827","fifu_image_alt":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-24063","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\/24063","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=24063"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/24063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/24064"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=24063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=24063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=24063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}