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\u201cA confirmation above 56,500 could trigger a new rally, aiming for levels between 59,000 and 60,000,\u201d he added.<\/p>\n
However, Rizvi said prudent investors were advised to engage in cautious buying at the current levels and implement strict stop-loss measures.<\/p>\n
Topline Securities CEO Mohammed Sohail attributed today\u2019s rally to \u201cbullish sentiments as investors expect IMF review to be completed positively within this week\u201d.<\/p>\n
He added that foreign buying on Friday ahead of the MSCI review was also helping sentiments.<\/p>\n
Morgan Stanley Capital International (MSCI) is a global provider for investment data. It provides a number of stock indexes globally for investors to help them make informed choices.<\/p>\n
Capital market expert Mohammed Saad Ali also said that the IMF talks seemed concluding without an issue and pushback kept the market upbeat.<\/p>\n
Meanwhile, FRIM Ventures Chief Investment Officer Shahbaz Ashraf was of the opinion that attractive valuation triggered the run.<\/p>\n
\u201cThe market\u2019s liquidity has also been fueled by robust dividend announcements, buybacks, and institutional investments,\u201d he told Dawn.com<\/em>. However, Ashraf pointed out that stock valuations were not close to their past peaks, signifying room for growth.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"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 traded in the green throughout the day, making rapid gains. The index eventually closed at 56,523.58 points, up by 1132.22 or 2.04 per cent […]<\/p>\n","protected":false},"author":2,"featured_media":24156,"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":[192],"tags":[],"class_list":["post-24155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-islamabad-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/24155","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=24155"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/24155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/24156"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=24155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=24155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=24155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}