Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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KSE-100 index gains 620 points as chances of TSA being implemented seem highly unlikely

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April 19, 2019 (MLN): The KSE 100 index has finally crossed the 37,000 mark by gaining 620 points in the first session of the day, which the benchmark index closed at 37,432 points.

Commercial Banks seem to be the major driving force behind this development, as they have contributed around 268 points to the index. This can be attributed to the clarification issued by the State Bank of Pakistan regarding the introduction of Treasure Single Account.

It was confirmed today by certain news channels that Government shall not take any step regarding introduction of TSA without due consultation from Commercial Banks. While it is clear that commercial banks will not agree to the proposal, the chances of TSA’s implementation seem highly unlikely now.

Posted on: 2019-04-19T12:16:00+05:00

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