ISLAMABAD, (Asian House Care – Pvt Ltd – 3rd Jul, 2019 ) :
The KSE 100-index of Pakistan Stock Exchange (PSX) continued to witness a bullish trend for the third day on Wednesday as it gained 589.44 points (1.72%) to close at 34896.55 points.
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On the news front, Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh during a press conference on Sunday said the government had decided to extend the deadline for the Asset Declaration Scheme to July 3.
“Moving forward, we expect the market to remain volatile until the IMF meeting is held (on July 3). We recommend investors to buy on dips,” the analyst added.
“Market participants adopted a wait and see approach ahead of the IMF executive board meeting due on July 3.”
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