{"id":34622,"date":"2023-12-12T15:52:30","date_gmt":"2023-12-12T15:52:30","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/bulls-return-to-psx-as-stocks-gain-400-points\/"},"modified":"2023-12-12T15:52:30","modified_gmt":"2023-12-12T15:52:30","slug":"bulls-return-to-psx-as-stocks-gain-400-points","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/bulls-return-to-psx-as-stocks-gain-400-points\/","title":{"rendered":"Bulls return to PSX as stocks gain 400 points"},"content":{"rendered":"

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After a day of losses, bulls returned to the trading floor of the Pakistan Stock Exchange (PSX) on Tuesday.<\/p>\n

According to the PSX website<\/a>, the KSE-100 index gained 414.46 points to close at 66,426.78 points, up by 0.63 per cent from the previous close of 66,012.32.<\/p>\n

The winning streak of major shares came to a halt<\/a> on Monday as investors opted for profit-taking across the board. Analysts said power, oil marketing and banking sectors had received considerable selling pressure.<\/p>\n

A report by Intermarket Securities painted a hopeful picture of the investment landscape, noting that \u201cPakistan is addressing the two key areas \u2014 politics and the economy \u2014 that have historically hurt the case for equities.\u201d<\/p>\n

The report highlighted that attention was turning to \u201cresilient corporate profitability and cheap valuations, which was at a 50pc discount to the long-term mean.\u201d<\/p>\n

The analysts further predicted the benchmark index to reach 85,000 points, \u201cdriven by valuation rerating, as interest rates reduce and institutional buying returns.\u201d<\/p>\n

Speaking to Dawn.com<\/em> today, Mohammed Sohail, chief executive of Topline Securities, noted that stocks were on the rise once again due to the continued interest of foreign portfolio managers.<\/p>\n

He highlighted that the central bank\u2019s decision on key rates, expected today, was critical for market outlook in the short run.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

After a day of losses, bulls returned to the trading floor of the Pakistan Stock Exchange (PSX) on Tuesday. According to the PSX website, the KSE-100 index gained 414.46 points to close at 66,426.78 points, up by 0.63 per cent from the previous close of 66,012.32. The winning streak of major shares came to a […]<\/p>\n","protected":false},"author":2,"featured_media":34623,"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\/12\/121057072b85c81.png?r=112728","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-34622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/34622","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=34622"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/34622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/34623"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=34622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=34622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=34622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}