{"id":2491,"date":"2024-09-20T12:59:36","date_gmt":"2024-09-20T12:59:36","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/"},"modified":"2024-09-20T12:59:36","modified_gmt":"2024-09-20T12:59:36","slug":"psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/","title":{"rendered":"PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p style=\"text-align: justify;\">Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining inflation and hopes of further monetary loosening by the central bank spurred a buying spree, traders said.<\/p>\n<\/div>\n<div>\n<p style=\"text-align: justify;\">The KSE-100 index jumped by 615.16 points, or 0.76%, to reach 82,074.44 from its previous close of 81,459.28.<\/p>\n<p style=\"text-align: justify;\">The index, fuelled by buying activity in heavyweight shares, rallied nearly 900 points during the opening hours of trading before succumbing to profit-taking in the latter half of the session, trimming early gains.<\/p>\n<p style=\"text-align: justify;\">Analysts attributed this bull run to expectations of a sharp drop in inflation and interest rates. They added that government securities now have a kinked yield curve, with 2-year and 5-year yields above the 3-year yield.<\/p>\n<p style=\"text-align: justify;\">Buying activity was seen in key sectors, including cement, commercial banks, fertiliser, and refineries, with index-heavy stocks such as MEBL, UBL, ENGRO, and FFC trading in the green.<\/p>\n<p style=\"text-align: justify;\">Experts added that part of the positivity comes from investors anticipating the International Monetary Fund (IMF) Executive Board&#8217;s approval.<\/p>\n<p style=\"text-align: justify;\">The IMF is scheduled to review Pakistan\u2019s 37-month Extended Fund Facility (EFF), amounting to about $7 billion, on September 25.<\/p>\n<p style=\"text-align: justify;\">On Thursday, the Pakistan Stock Exchange (PSX) rose on improved local macroeconomic indicators and a larger-than-expected reduction by the Federal Reserve, with the KSE-100 index closing at 81,459.29, a gain of 997.95 points or 1.24%.<\/p>\n<p style=\"text-align: justify;\">Meanwhile, world stocks hovered near record highs on Friday, underpinned by a big interest rate cut from the Federal Reserve earlier this week, while the yen eased after Bank of Japan Governor Kazuo Ueda tempered market expectations around imminent rate hikes, according to Reuters.<\/p>\n<p style=\"text-align: justify;\">The dollar climbed 1.2% on the Japanese currency to 144.29 &#8211; its strongest in two weeks &#8211; on the back of Ueda&#8217;s remarks, having earlier fallen around 0.6% to 141.74 after the BOJ kept interest rates steady in a widely expected move.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.suchtv.pk\/business\/item\/128115-psx-surges-to-record-close-above-82-000-points-on-economic-optimism.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining inflation and hopes of further monetary loosening by the central bank spurred a buying spree, traders said. The KSE-100 index jumped by 615.16 points, or 0.76%, to reach 82,074.44 from its previous close&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[1765,325,1766],"class_list":["post-2491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-benchmark-index","tag-inflation","tag-traders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v22.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSX surges to record close above 82,000 points on economic optimism - SUCH TV - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSX surges to record close above 82,000 points on economic optimism - SUCH TV\" \/>\n<meta property=\"og:description\" content=\"Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining inflation and hopes of further monetary loosening by the central bank spurred a buying spree, traders said. The KSE-100 index jumped by 615.16 points, or 0.76%, to reach 82,074.44 from its previous close...Read More &ldquo;PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV&rdquo; &raquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\" \/>\n<meta property=\"og:site_name\" content=\"Breaking News\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T12:59:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg\" \/><meta property=\"og:image\" content=\"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a\"},\"headline\":\"PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV\",\"datePublished\":\"2024-09-20T12:59:36+00:00\",\"dateModified\":\"2024-09-20T12:59:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\"},\"wordCount\":317,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\"},\"keywords\":[\"benchmark index\",\"inflation\",\"traders\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\",\"url\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\",\"name\":\"PSX surges to record close above 82,000 points on economic optimism - SUCH TV - Breaking News\",\"isPartOf\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#website\"},\"datePublished\":\"2024-09-20T12:59:36+00:00\",\"dateModified\":\"2024-09-20T12:59:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ventil.rs\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ventil.rs\/blog\/#website\",\"url\":\"https:\/\/ventil.rs\/blog\/\",\"name\":\"Breaking News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ventil.rs\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\",\"name\":\"Breaking News\",\"url\":\"https:\/\/ventil.rs\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png\",\"contentUrl\":\"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png\",\"width\":1445,\"height\":591,\"caption\":\"Breaking News\"},\"image\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g\",\"caption\":\"Admin\"},\"sameAs\":[\"https:\/\/ventil.rs\/blog\"],\"url\":\"https:\/\/ventil.rs\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PSX surges to record close above 82,000 points on economic optimism - SUCH TV - Breaking News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/","og_locale":"en_US","og_type":"article","og_title":"PSX surges to record close above 82,000 points on economic optimism - SUCH TV","og_description":"Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining inflation and hopes of further monetary loosening by the central bank spurred a buying spree, traders said. The KSE-100 index jumped by 615.16 points, or 0.76%, to reach 82,074.44 from its previous close...Read More &ldquo;PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV&rdquo; &raquo;","og_url":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/","og_site_name":"Breaking News","article_published_time":"2024-09-20T12:59:36+00:00","og_image":[{"url":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg"},{"url":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg"}],"author":"Admin","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/931b2647505e4191b83c113f389e9fdf_XL.jpg","twitter_misc":{"Written by":"Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#article","isPartOf":{"@id":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/"},"author":{"name":"Admin","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a"},"headline":"PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV","datePublished":"2024-09-20T12:59:36+00:00","dateModified":"2024-09-20T12:59:36+00:00","mainEntityOfPage":{"@id":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/"},"wordCount":317,"commentCount":0,"publisher":{"@id":"https:\/\/ventil.rs\/blog\/#organization"},"keywords":["benchmark index","inflation","traders"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ventil.rs\/blog\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/","url":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/","name":"PSX surges to record close above 82,000 points on economic optimism - SUCH TV - Breaking News","isPartOf":{"@id":"https:\/\/ventil.rs\/blog\/#website"},"datePublished":"2024-09-20T12:59:36+00:00","dateModified":"2024-09-20T12:59:36+00:00","breadcrumb":{"@id":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ventil.rs\/blog\/business\/psx-surges-to-record-close-above-82000-points-on-economic-optimism-such-tv\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ventil.rs\/blog\/"},{"@type":"ListItem","position":2,"name":"PSX surges to record close above 82,000 points on economic optimism &#8211; SUCH TV"}]},{"@type":"WebSite","@id":"https:\/\/ventil.rs\/blog\/#website","url":"https:\/\/ventil.rs\/blog\/","name":"Breaking News","description":"","publisher":{"@id":"https:\/\/ventil.rs\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ventil.rs\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ventil.rs\/blog\/#organization","name":"Breaking News","url":"https:\/\/ventil.rs\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png","contentUrl":"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png","width":1445,"height":591,"caption":"Breaking News"},"image":{"@id":"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a","name":"Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g","caption":"Admin"},"sameAs":["https:\/\/ventil.rs\/blog"],"url":"https:\/\/ventil.rs\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/posts\/2491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/comments?post=2491"}],"version-history":[{"count":0,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/posts\/2491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/media\/2492"}],"wp:attachment":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/media?parent=2491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/categories?post=2491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/tags?post=2491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}