{"id":85267,"date":"2022-04-12T14:14:00","date_gmt":"2022-04-12T09:14:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85267"},"modified":"2022-04-12T14:14:15","modified_gmt":"2022-04-12T09:14:15","slug":"psx-historic-single-day-gain","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/psx-historic-single-day-gain.html","title":{"rendered":"PSX gains momentum with historic single-day gain"},"content":{"rendered":"\n<p>Karachi: The Pakistan Stock Exchange (PSX) on Monday (April 11) gained a historic high of 1700 points in KSE 100, news sources reported. The stock exchange experienced a positive trend, with a net gain of 3.83 %, closing the index at 46,144.96.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-stock-exchange-improves-by-42000-index-points.html\" data-type=\"post\" data-id=\"40697\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan Stock Exchange improves by 42,000 index points<\/a><\/p>\n\n\n\n<p>According to reports, the stock exchange reached its highest intraday trade level of 46,215.54 points, which strengthened the Dollar-PKR parity. Similarly, the KSE-30 Shares Index rose 689.74 points, or 4.05 %, to close the day at 17,703.87 points. The entire exercise resulted in the exchange of 330 million shares, more than doubling the volume to 557.67 million from 227.88 million. Furthermore, the transaction value more than doubled from PKR 6.785 billion to PKR 13.362 billion.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/state-bank-policy-rate-250-points.html\" data-type=\"post\" data-id=\"85212\" target=\"_blank\" rel=\"noreferrer noopener\">State Bank revises policy rate up by 250 base points<\/a><\/p>\n\n\n\n<p>As per market analysts, this development is the result of traders feeling positive after the country\u2019s political landscape stabilized and the <a href=\"https:\/\/www.zameen.com\/news\/sbp-housing-loan-in-february.html\" data-type=\"post\" data-id=\"84900\" target=\"_blank\" rel=\"noreferrer noopener\">State Bank of Pakistan (SBP)<\/a> revealed that the International Monetary Fund (IMF)\u2019s program will be extended. Former PSX director Zafar Moti stated that the rally also absorbed the negative impact of the SBP&#8217;s policy rate adjustment of 250 basis points.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Pakistan Stock Exchange (PSX) on Monday (April 11) gained a historic high of 1700 points in KSE 100, news sources reported. The stock exchange experienced a positive trend, with a net gain of 3.83 %, closing the index at 46,144.96. Read: Pakistan Stock Exchange improves by 42,000 index points According to reports, the stock exchange reached its highest intraday trade level of 46,215.54 points, which strengthened the Dollar-PKR parity. Similarly, the KSE-30 Shares Index rose 689.74 points, or 4.05 %, to close the day at 17,703.87 points. The entire exercise resulted in the exchange of 330 million shares, more than doubling the volume to 557.67 million from 227.88 million. Furthermore, the transaction value more than doubled from PKR 6.785 billion to PKR 13.362 billion. Read: State Bank revises policy rate up by 250 base points As per market analysts, this development is the result of traders feeling positive after the country\u2019s political landscape stabilized and the State Bank of Pakistan (SBP) revealed that the International Monetary Fund (IMF)\u2019s program will be extended. Former PSX director Zafar Moti stated that the rally also absorbed the negative impact of the SBP&#8217;s policy rate adjustment of 250 basis points.<\/p>\n","protected":false},"author":84,"featured_media":68857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[30324,51920,51921],"persona":[],"class_list":{"0":"post-85267","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-pakistan-stock-exchange-psx","9":"tag-psx-gains-momentum-with-historic-single-day-gain","10":"tag-psx-gains-points-1700","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PSX gains momentum with historic single-day gain - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Pakistan Stock Exchange (PSX) on Monday (April 11) gained a historic high of 1700 points in KSE 100, news sources reported. 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