The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index closed 410.60 points in the green on Friday. It is largely buoyed by expectations of Pakistan’s removal from the Financial Action Task Force’s (FATF) grey list. Raza Jafri, head of equities at Intermarket Securities, also attributed today’s rally to the “expectations of a positive outcome” after the FATF’s four-day plenary session ends today.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Suez Canal traffic disrupted after oil tanker engine breaks down

An oil tanker caused a temporary disruption of traffic in Egypt’s Suez…

Energy relief package prepared for industrial consumers

A relief package to provide electricity to industries across Pakistan at reduced…

ISPR rejects cancellation of helicopter deal

On Friday, the Pakistani army rejected some media reports that Pakistan had…

Pakistan announces first govt-backed strategic Bitcoin reserve

Pakistan Crypto Council (PCC) Chief Executive Officer Bilal Bin Saqib has announced…