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Monday, December 23, 2024  
20 Jumada Al-Akhirah 1446  

Pakistan stocks market closes higher in first session of week

The 100 Index gained 657.19 points to settle at 63,939.41 levels
File photo
File photo

The Pakistan Stock Exchange closed in the green zone on Monday as the benchmark KSE-100 Index gained more than 600 points.

The 100 Index gained 657.19 points or 1.04% to settle at 63,939.41 levels at the closing of the market.

Similarly, the KSE-30 Index gained 326.05 points or 1.53% to reach 21,601.25 levels at the trading session’s closing.

Meanwhile, caretaker Finance Minister Shamshad Akhtar has said that Pakistan’s economy was expected to grow by 2 to 2.5% in the ongoing fiscal year.

“Growth is to rebound into the positive trajectory in the range of 2 to 2.5%, with agriculture expected to grow by 5.6%, and industry by 2.5% this fiscal year,” she said while addressing the IPO Summit-2024, held in Karachi a day earlier.

She said that the tax collection target was projected to touch the Rs10 trillion mark as the Federal Board of Revenue struggles to launch additional reforms.

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