PSX Breaks 167,000 Level on $3B Deposit Expansion in Saudi Arabia
KARACHI: The Pakistan Stock Exchange remained in a consolidation mode as the benchmark KSE-100 closed just above the 167,000 level, boosted by improved external support and easing political uncertainty. At the end of the trading day, the KSE-100 closed at 167,086 points, up 802 points or 0.48%. “Throughout the day, the benchmark remained largely in positive territory, supported by key developments,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. Saudi Arabia has extended its $3 billion deposit in Pakistan for another year, providing much-needed comfort to the foreign sector. Additionally, the president’s assent to the summary for
