Pakistan Stock Exchange has seen another positive trend as KSE 100 Index gained over 400 points in a single day.
KSE 100 Index reached at 41,428.63 points after gaining 434.58 points (1.06%). Investors showed great interest in the banking and cement sectors. In addition, fertilizer sector also recorded high gains. However, exploration and production sector has also seen a great recovery.
KSE 30 Index also gained 236.10 points and reached at 19,807.39 points. According to financial analysts, the stock market gained trust of investors due to the positive news from Saudi Arabia and China.
However, Saudi Arabia assured to give the $3 billion loan to Pakistan in few days. In addition, Chinese deputy chief of mission stated that the further modes of the support package are being in process. China further revealed that it will be higher than the Saudi loan or financial assistance.