KS-100 index
ISLAMABAD: The benchmark KSE-100 index of the Pakistan Stock Exchange today crossed the 48,000 points milestone this morning. This bullish sentiment is an outcome of the visit of the Vice Prime Minister of China He Lifeng.
Mr. Lifeng arrived in Islamabad on Sunday evening on a three-day visit to celebrate 10 years of the CPEC in Islamabad. He will be the chief guest at the ceremony in Islamabad to celebrate a decade of the CPEC in Pakistan.
Screenshot of the stock market trading on Monday morning.
At 10:45 am on Monday, the KSE-100 index gained 937 points, surging to 48,014 points after a gap of about two years. In percentage, the index gained 1.99 percent on Monday.
The PSX traded 77.73 million shares by 10:45 am. The value of the traded shares amounted to 4.56 billion rupees.
Analysts said that international delegations are coming to Pakistan, including the Chinese vice premier.
Meanwhile, the government is also expected to sign agreements on refineries and minerals to bolster investment and economic growth.
On Monday (July 31), oil sector witnessed a rally in the trading of its shares. Overall, the trading board of the Pakistan Stock Exchange turned green amid a bullish sentiment.
Vice Premier of China reaches Islamabad to celebrate 10 years of CPEC
Earlier, China’s Vice Premier He Lifeng arrived in Pakistan on Sunday evening for a three-day visit, from July 30 to August 1, 2023. The purpose of the visit is to commemorate the 10 years of the China-Pakistan Economic Corridor.
This visit is part of the high-level exchanges and dialogue between the two nations. It highlights the importance both Pakistan and China place on their “All-Weather Strategic Cooperative Partnership.”
He Lifeng holds the position of a Member of the Politburo of the Central Committee of the Communist Party. He has been a significant figure in China’s international economic relations and the implementation of the Belt and Road Initiative. CPEC, being a flagship project of the BRI
