Since Chinese banks agreed to a $2.4 billion bailout loan, Pakistan-China companionship is finally bearing rewards

Market Update

Market players can breathe a sigh of relief as PSX joined SSE (Sustainable Stock Exchanges), a UN-sponsored cooperation initiative created by the United Nations Conference on Trade and Development (UNCTAD).

Pakistan Stock Exchange has rebounded with the KSE-100 index finishing with a gain of 262 points. Cement, ENP, commercial banks, oil and gas companies, and the chemical industry followed a bullish trend and contributed to the market’s upward trajectory.

Reportedly reason for this upward market trend inclines towards china’s recent approval to aid Pakistan with $2.4 billion bailout loan and PSX joining of SSE (Sustainable Stock Exchanges), a UN-sponsored cooperation initiative created by the United Nations Conference on Trade and Development (UNCTAD).

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