Strong rally in stock market shows investors’ confidence in govt. policies: Dr Hafeez

MG News | December 02, 2019 at 11:56 AM GMT+05:00

0:00

December 2, 2019 (MLN): Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said the strong rally in stock market depicts the improved investors’ confidence on measurements taken by the government for stabilizing the economy.

He said in a tweet yesterday, the KSE-100 index is up by 14.9% during November which is the highest one month return after May 2013.

The index showed improvement by 36.6% or a net gain of 10, 500 points since Aug 16, 2019.

Copyright Mettis Link News

Related News

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement

Fed delivers 25 basis-point rate cut

Pakistan-IMF talks to begin Sept 25 amid unmet reform targets

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,175.00	118,195.00 116,115.00	2350.00 2.03%
BRENT CRUDE	67.87	68.01 67.50	-0.08 -0.12%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.61	63.82 63.24	-0.44 -0.69%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%