Sunday, May 19, 2024

The 44,000 mark crossed by KSE-100 for the first time in 32 months

As per sources, the KSE-100 index has reached the 45,000 mark for the first time in 32 months. In the market, it continues to perform well.

Experts have faith that the steep rise of the KSE-100 index was due to the government’s announcement to address the circular debt problem of the power sector and expand the amnesty scheme for the building sector. After this announcement, the KSE-100 index saw a rise of 1,100 points in one day.

Throughout the present year 2021, the government will settle a circular debt of Rs450 billion with independent power producers (IPPs) in three installments. An extension of the amnesty scheme for the construction sector to June 2021, was also announced by the government. It was intended that the programme would expire on December 31.

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