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PSX gains 433 points following IMF Assurance

by News Publishing
August 3, 2022
in Business, Finance, Main, News, Pakistan Politics
Reading Time: 1 min read
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PSX gains 433 points following IMF Assurance
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Pakistan Stock Exchange (PSX) continued in green on Wednesday after the KSE-100 index gained 433 points following IMF Assurance after increase in the levy on fuel prices on July 31.

The KSE-100 index traded at 40,625 after gaining 433 points.

The US dollar on Wednesday also resumes its losing streak in the interbank. The open market against the rupee and according to forex dealers lost Rs0.90 today in the interbank against the rupee and traded at Rs237.48 while the banks are selling the greenback at Rs238.

In the open market, the US dollar traded between Rs238 and Rs240.

The International Monetary Fund (IMF) on Tuesday confirmed that Pakistan has achieved all the set targets for the revival of the Extended Fund Facility (EFF) program.

Tags: EFFKSEPakistanPSX
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