{"id":82336,"date":"2024-05-24T10:07:50","date_gmt":"2024-05-24T10:07:50","guid":{"rendered":"https:\/\/nationaltimes.pk\/eng\/?p=82336"},"modified":"2024-05-24T10:07:50","modified_gmt":"2024-05-24T10:07:50","slug":"psx-hits-new-peak-amid-imf-programme-advancement-uae-investment-pledge","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/","title":{"rendered":"PSX hits new peak amid IMF programme advancement, UAE investment pledge"},"content":{"rendered":"\n<p>KARACHI (National Times) The Pakistan Stock Exchange (PSX) surpassed 76,000-point threshold for the first time on Friday, signalling a significant upward trend in the market.<\/p>\n\n\n\n<p>Reports indicate the fifth and final day of the business week saw a sharp uptick in trade, with the stock market gaining 956 points, reaching an unprecedented level of 76,070 points.<\/p>\n\n\n\n<p>This impressive upswing is credited to several positive economic developments, foremost among them being advancements in Pakistan&#8217;s loan programme with the International Monetary Fund (IMF), instilling confidence among investors.<\/p>\n\n\n\n<p>The IMF on Friday stated significant progress was made towards reaching a staff-level agreement for an extended fund facility (EFF).<\/p>\n\n\n\n<p>Shortly after the IMF released its statement, the PSX gained 556.5 points, to stand at 75,670.97 points at 9:41am from the previous close of 75,114.<\/p>\n\n\n\n<p>On Thursday, the stock market experienced an increase of 157 points, with the KSE-100 Index closing at the level of 75,114 points.<\/p>\n\n\n\n<p>Furthermore, news of a substantial investment pledge from the United Arab Emirates (UAE) has augmented market optimism. The UAE&#8217;s commitment of $10 billion in investments is anticipated to greatly bolster Pakistan&#8217;s economic stability and growth prospects.<\/p>\n\n\n\n<p>Throughout the trading day, the PSX continued to flourish, reflecting robust market confidence and heightened investor interest.<\/p>\n\n\n\n<p>Market analysts attribute this remarkable growth to a combination of favourable economic indicators, positive corporate earnings reports, and optimism regarding future economic prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI (National Times) The Pakistan Stock Exchange (PSX) surpassed 76,000-point threshold for the first time on Friday, signalling a significant upward trend in the market. Reports indicate the fifth and final day of the business week saw a sharp uptick in trade, with the stock market gaining 956 points, reaching an unprecedented level of 76,070 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":82337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-82336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSX hits new peak amid IMF programme advancement, UAE investment pledge - Nation<\/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:\/\/nationaltimes.pk\/eng\/2024\/82336\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSX hits new peak amid IMF programme advancement, UAE investment pledge - Nation\" \/>\n<meta property=\"og:description\" content=\"KARACHI (National Times) The Pakistan Stock Exchange (PSX) surpassed 76,000-point threshold for the first time on Friday, signalling a significant upward trend in the market. Reports indicate the fifth and final day of the business week saw a sharp uptick in trade, with the stock market gaining 956 points, reaching an unprecedented level of 76,070 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/\" \/>\n<meta property=\"og:site_name\" content=\"Nation\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-24T10:07:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2024\/05\/Untitled-1-copy-259.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"humza Jahangir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"humza Jahangir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/\",\"name\":\"PSX hits new peak amid IMF programme advancement, UAE investment pledge - Nation\",\"isPartOf\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2024\/05\/Untitled-1-copy-259.jpg\",\"datePublished\":\"2024-05-24T10:07:50+00:00\",\"author\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/#primaryimage\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2024\/05\/Untitled-1-copy-259.jpg\",\"contentUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2024\/05\/Untitled-1-copy-259.jpg\",\"width\":670,\"height\":370},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2024\/82336\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationaltimes.pk\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PSX hits new peak amid IMF programme advancement, UAE investment pledge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/\",\"name\":\"Nation\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationaltimes.pk\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\",\"name\":\"humza Jahangir\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"caption\":\"humza Jahangir\"},\"url\":\"https:\/\/nationaltimes.pk\/eng\/author\/humza\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PSX hits new peak amid IMF programme advancement, UAE investment pledge - Nation","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:\/\/nationaltimes.pk\/eng\/2024\/82336\/","og_locale":"en_US","og_type":"article","og_title":"PSX hits new peak amid IMF programme advancement, UAE investment pledge - Nation","og_description":"KARACHI (National Times) The Pakistan Stock Exchange (PSX) surpassed 76,000-point threshold for the first time on Friday, signalling a significant upward trend in the market. 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