Foreign Investments & Local Schemes Uplift PSX
Market players seem positive on the 3-year economic roadmap for 14 key sectors and the newly launched Roshan Apna Ghar scheme
In today’s trading, Pakistan Stock Exchange (PSX) showed a positive graph chart and thus it wouldn’t be wrong to say that it is going strong overall, owing to foreign investments and local schemes for overseas Pakistanis.
The benchmark KSE-100 index was still as the covid concerns and geopolitical tensions kept market participants mostly on the sidelines.
Since the investor’s interest in the country is taking a new ride, the efforts are positively impacting the macro economy.
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Moreover, State Bank of Pakistan (SBP) received $2.75 billion from the International Monetary Fund (IMF) and foreign exchange reserves held by the central bank fell $47 million to $17.58 million.
The value of the Pakistani rupee against the US Dollar also fueled the stock market and altogether, all of the aforementioned factors kicked off a positive note.
Moreover, market players are keeping a strong eye on the 3-year economic roadmap announced by the government for 14 key sectors and the newly launched Roshan Apna Ghar scheme.
The scheme allows overseas Pakistanis people to buy a home in the country and apply for attractive financing through their Roshan Digital Accounts (RDA).
