Islamabad June 26 2023: Pakistan equity index, KSE-100 Index, gains 1,389 points or 3.47 percent on increasing chances of IMF ninth review after government revised budget estimates in line with fund demands.
Pakistan Rupee gain 26 paisa against Dollar on Monday (PST 12:50) to trade at 286.48 in interbank against Friday June 23rd, 2023 closing of 286.75. In open market rupee move up 50 paisas to trade at 290 against the Dollar (PST 12:50).
After revising the budget in line with International Monetary Fund’s demands, the government expects a breakthrough announcement from the global lending agency over the next few days to get direly needed bailout funds.
Hub Power Company Limited (HUBC) adds most 132.62 point to KSE-100 Index as it gains PKR 4.83 or 7.50 percent after it included in Meezan Sharia Compliant KMI-30 Index followed by 94.11 points of United Bank Limited (UBL) as the share price gains PKR 6.81 or 6.21 percent.