{"id":3401,"date":"2025-03-20T07:05:24","date_gmt":"2025-03-20T07:05:24","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/shares-at-psx-surge-1299-points-crossing-119273-barrier-in-new-high-such-tv\/"},"modified":"2025-03-20T07:05:24","modified_gmt":"2025-03-20T07:05:24","slug":"shares-at-psx-surge-1299-points-crossing-119273-barrier-in-new-high-such-tv","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/shares-at-psx-surge-1299-points-crossing-119273-barrier-in-new-high-such-tv\/","title":{"rendered":"Shares at PSX surge 1,299 points, crossing 119,273 barrier in new high &#8211; SUCH TV"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p style=\"text-align: justify;\">Pakistan Stock Exchange (PSX) continued with its record-breaking run as the benchmark KSE-100 Index crossed the 119,273 level for the first time amid a gain of over 1,299 points during the opening hours of trading on Thursday.<\/p>\n<\/p><\/div>\n<div>\n<p style=\"text-align: justify;\">At 10:35am, the benchmark index hovered at 119,196.35, an increase of 1,222.33 points or 1.04%.<\/p>\n<p style=\"text-align: justify;\">Buying was observed in key sectors including oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks traded in the green, including HUBCO, SNGPL, SSGC, MARI, OGDC, POL, and PPL.<\/p>\n<p style=\"text-align: justify;\">The development comes on the back of positive news flow regarding the resolution of energy sector circular debt and market anticipation of a Staff-Level Agreement (SLA) with the International Monetary Fund (IMF).<\/p>\n<p style=\"text-align: justify;\">On Wednesday, the benchmark KSE-100 Index gained nearly 1,000 points to settle at a new all-time high of 117,974.02.<\/p>\n<p style=\"text-align: justify;\">Internationally, Asia shares were hobbled by weakness in Chinese markets on Thursday and struggled to build on Wall Street\u2019s rally, even as investor sentiment was lifted by the prospect that the Federal Reserve could still deliver two rate cuts this year.<\/p>\n<p style=\"text-align: justify;\">The Fed on Wednesday left rates unchanged in a widely expected decision, but maintained its projection for two quarter-percentage-point rate cuts by the year-end.<\/p>\n<p style=\"text-align: justify;\">Policymakers did revise their inflation forecast for the year and marked down their outlook for economic growth, citing risks from US President Donald Trump\u2019s tariff policies.<\/p>\n<p style=\"text-align: justify;\">Still, investors took comfort from the Fed\u2019s \u201cdot plot\u201d of policy rate expectations and Chair Jerome Powell\u2019s comments that tariff-driven inflation will be \u201ctransitory\u201d and largely confined to this year, in turn sending stocks higher while US Treasury yields and the dollar fell.<\/p>\n<p style=\"text-align: justify;\">Australian shares jumped 1%, while US futures also extended their rally after the cash session ended on a high.<\/p>\n<p style=\"text-align: justify;\">Nasdaq futures ticked up 0.4% and S&amp;P 500 futures advanced 0.3%. EUROSTOXX 50 futures similarly added 0.1%.<\/p>\n<p style=\"text-align: justify;\">Trading was thinned with Japan markets closed for a holiday, though Nikkei futures edged up 0.2%.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.suchtv.pk\/business\/item\/130566-shares-at-psx-surge-1-299-points-crossing-119-273-barrier-in-new-high.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Stock Exchange (PSX) continued with its record-breaking run as the benchmark KSE-100 Index crossed the 119,273 level for the first time amid a gain of over 1,299 points during the opening hours of trading on Thursday. At 10:35am, the benchmark index hovered at 119,196.35, an increase of 1,222.33 points or 1.04%. Buying was observed&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/business\/shares-at-psx-surge-1299-points-crossing-119273-barrier-in-new-high-such-tv\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Shares at PSX surge 1,299 points, crossing 119,273 barrier in new high &#8211; SUCH TV&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":3402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.suchtv.pk\/media\/k2\/items\/cache\/624f1226f5c73a99e0abf2accc253d32_XL.jpg","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[2559,621],"class_list":["post-3401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kse","tag-pakistan-stock-exchange"],"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>Shares at PSX surge 1,299 points, crossing 119,273 barrier in new high - 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\/shares-at-psx-surge-1299-points-crossing-119273-barrier-in-new-high-such-tv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shares at PSX surge 1,299 points, crossing 119,273 barrier in new high - SUCH TV\" \/>\n<meta property=\"og:description\" content=\"Pakistan Stock Exchange (PSX) continued with its record-breaking run as the benchmark KSE-100 Index crossed the 119,273 level for the first time amid a gain of over 1,299 points during the opening hours of trading on Thursday. At 10:35am, the benchmark index hovered at 119,196.35, an increase of 1,222.33 points or 1.04%. 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At 10:35am, the benchmark index hovered at 119,196.35, an increase of 1,222.33 points or 1.04%. 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