• About Us
  • Our Contributors
  • Privacy Policy
  • Contact
Friday, July 18, 2025
  • Login
No Result
View All Result
FactFile
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    Pixel 10 Launch Date Confirmed: Top Specs, Features & Android 15

    Pixel 10 Launch Date Confirmed: Top Specs, Features & Android 15

    Week Security Practices Behind Majority of 2024 Cyberattacks: Govt Advisory

    Weak Security Practices Behind Majority of 2024 Cyberattacks: Govt Advisory

    Meta Cracks Down on Unoriginal Content & Fake Accounts on Facebook

    Meta Cracks Down on Unoriginal Content & Fake Accounts on Facebook

    Apple iPhone 17 Lineup Launch Date, Expected Features: Details Inside

    Apple iPhone 17 Lineup Launch Date, Expected Features: Details Inside

    HMD and Nokia are Quitting Another Country

    HMD and Nokia are Quitting Another Country

    WhatsApp Solves Group Chat Mystery with THIS New Feature

    WhatsApp Solves Group Chat Mystery with THIS New Feature

  • Entertainment
    Anne Hathaway’s ‘Verity’ Gets New Release Date

    Anne Hathaway’s ‘Verity’ Gets New Release Date

    What happened to Shefali Jariwala?

    What happened to Shefali Jariwala?

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Faisalabad: TikToker Sana Yousaf's Alleged Killer Arrested

    Faisalabad: TikToker Sana Yousaf’s Alleged Killer Arrested

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

  • Opinion
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    Pixel 10 Launch Date Confirmed: Top Specs, Features & Android 15

    Pixel 10 Launch Date Confirmed: Top Specs, Features & Android 15

    Week Security Practices Behind Majority of 2024 Cyberattacks: Govt Advisory

    Weak Security Practices Behind Majority of 2024 Cyberattacks: Govt Advisory

    Meta Cracks Down on Unoriginal Content & Fake Accounts on Facebook

    Meta Cracks Down on Unoriginal Content & Fake Accounts on Facebook

    Apple iPhone 17 Lineup Launch Date, Expected Features: Details Inside

    Apple iPhone 17 Lineup Launch Date, Expected Features: Details Inside

    HMD and Nokia are Quitting Another Country

    HMD and Nokia are Quitting Another Country

    WhatsApp Solves Group Chat Mystery with THIS New Feature

    WhatsApp Solves Group Chat Mystery with THIS New Feature

  • Entertainment
    Anne Hathaway’s ‘Verity’ Gets New Release Date

    Anne Hathaway’s ‘Verity’ Gets New Release Date

    What happened to Shefali Jariwala?

    What happened to Shefali Jariwala?

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Faisalabad: TikToker Sana Yousaf's Alleged Killer Arrested

    Faisalabad: TikToker Sana Yousaf’s Alleged Killer Arrested

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

  • Opinion
No Result
View All Result
FactFile
No Result
View All Result
PSX Hits All-Time High Mark of 135,000 Points

KSE-100 adds 683 points as PPP & PML-N finalise govt formation deal

by Arshad Khan
February 21, 2024
in Business
0
Share on FacebookShare on TwitterLinkedIn Whatsapp

Pakistan Stock Exchange Surges as Political Parties Make Progress on Government Formation.

KSE-100 adds 683 points as PPP & PML-N finalise govt formation deal. Amidst positive political developments, the Pakistan Stock Exchange (PSX) witnessed a bullish trend during midday trading on Wednesday, signaling optimism among investors. The benchmark KSE-100 Index surged by 683.79 points or 1.13%, reaching 61,148.03 levels, while the KSE-30 Index also recorded a significant gain of 243.60 points or 1.20%, trading at 20,541.19 levels.

The surge in the stock market follows encouraging news of political parties making strides towards forming the government in the center. A pivotal agreement between the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples’ Party (PPP) has been reached, setting the stage for a cooperative approach to governance.

In a press conference held at Bilawal House, Bilawal Bhutto-Zardari, representing the PPP, announced that Shehbaz Sharif of the PML-N would be the joint candidate for prime minister, emphasizing a spirit of collaboration in the political arena. Additionally, Asif Zardari has been nominated as the joint candidate for the presidency, showcasing a unified front in advancing the country’s interests.

Furthermore, Bilawal Bhutto-Zardari dismissed speculations regarding the potential formation of a government by the Sunni Ittehad Council, affirming that the party lacks the requisite numbers for governance. This clarity on the political landscape has instilled confidence among investors, contributing to the bullish sentiment in the stock market.

The harmonious collaboration between major political entities bodes well for stability and progress in Pakistan, fostering a conducive environment for economic growth and investment. As the nation moves forward with the government formation process, the optimism reflected in the stock market underscores the resilience and potential of Pakistan’s economy.

More From FactFile: Dollar Slides Against Rupee in Interbank Market

Investors and stakeholders alike are optimistic about the future trajectory of the country under a cohesive and collaborative governance structure. The PSX’s upward trajectory serves as a testament to the resilience of Pakistan’s financial markets and the confidence of investors in the nation’s growth prospects.

As political parties continue to work towards a smooth transition of power, the PSX’s bullish performance stands as a beacon of hope, signaling renewed vigor and stability in Pakistan’s economic landscape.

Tags: PakistanPakistan Stock ExchangePML-NPPP
ShareTweetShareSend
Previous Post

US Unleashes Major Sanctions on Russia After Navalny’s Death

Next Post

ECP completes inquiry into alleged rigging in election 2024

Arshad Khan

Arshad Khan

Arshad Khan is a career journalist and working as reporter with Daily FactFile. He reports on versatile issues including government, politics and public issues. He also has interests in health and technology issues.

Related Posts

Pakistani Freelancers Earnings Cross Half a Billion Dollars Annually

Pakistani Freelancers Earnings Cross Half a Billion Dollars Annually

by Faiqa Chaudhary
July 13, 2025
0

Pakistani Freelancers Earnings have crossed half a billion dollars every year. This success puts Pakistan among the top freelance markets...

Bulls in Charge at PSX as KSE-100 Index Surges 6% This Week

Bulls in Charge at PSX as KSE-100 Index Surges 6% This Week

by Faiqa Chaudhary
July 5, 2025
0

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index Surges 6% this week. The index closed at a record high on...

PSX Bulls Propel KSE-100 Index Past 130,000 Points Milestone

PSX Bulls Propel KSE-100 Index Past 130,000 Points Milestone

by Faiqa Chaudhary
July 2, 2025
0

The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Tuesday as the KSE-100 Index crossed the historic 130,000-point mark...

Global Business Leaders Gather at Al Matiya & Golden Eagles International Forum

Global Business Leaders Gather at Al Matiya & Golden Eagles International Forum

by Arshad Khan
June 23, 2025
0

Republika Srpska Signs Major Investment Deals with UAE Group Dubai: The prestigious Al Matiya & Golden Eagles International Business Forum...

Martin Dow Drives Digital Transformation in Pakistan’s Pharma with SAP Innovation

Martin Dow Drives Digital Transformation in Pakistan’s Pharma with SAP Innovation

by Arshad Khan
May 19, 2025
0

SAP Empowers Martin Dow’s Digital Leap, Sets Benchmark for Pharma Sector Martin Dow Drives Digital Transformation in Pakistan’s Pharma with...

Islamabad Business Leaders Host Tribute Ceremony Honoring Armed Forces' Historic Victory

Islamabad Business Leaders Host Tribute Ceremony Honoring Armed Forces’ Historic Victory

by Arshad Khan
May 18, 2025
0

The speakers noted that Pakistan has emerged as a major defense power in the region, having successfully thwarted Indian aggression....

Royal Rapchee OTT Platform Launched in Dubai with AED 50 Million Investment

Royal Rapchee OTT Platform Launched in Dubai with AED 50 Million Investment

by Arshad Khan
March 19, 2025
0

The project has received significant investment of AED 50 million from the renowned UAE investment firm "Royal Cut Investment." Dubai,...

Load More
Next Post
ECP suspends membership of 156 MNAs, MPAs, senators: Here's why

ECP completes inquiry into alleged rigging in election 2024

What do scientists say about this new brightest-ever black hole?

What do scientists say about this new brightest-ever black hole?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Youtube Instagram LinkedIn
FactFile

Newsletter

Subscribe to receive regular updates from FactFile.
SUBSCRIBE

Categories

  • Business
  • Economy
  • Education
  • Entertainment
  • FactFile
  • Fashion
  • Health
  • International
  • Interview
  • Lifestyle
  • National
  • News
  • Opinion
  • People
  • Science
  • Sports
  • Tech

Site Links

  • About Us
  • Our Contributors
  • Privacy Policy
  • Contact

© 2020-25 Daily FactFile

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health

© 2020-25 Daily FactFile