KSE-100 features 452 factors on anticipated IMF deal this week – Enterprise

Share costs rose on Monday with the benchmark KSE-100 index gaining 452.03 factors, or 1.08 per cent, to achieve 42,246.69 factors at 10:38am.

Intermarket Securities’ Head of Fairness Raza Jafri attributed the features to market expectations that the federal government would clinch a desperately wanted staff-level settlement (SLA) with the Worldwide Financial Fund (IMF) this week.

“The reported extension in Saudi Arabia’s deferred oil facility by a 12 months can be being regarded upon favourably,” he added.

Extra to observe.

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