PSX hits new high on crucial inflow |
KARACHI: As anticipated, the inflow of $1.2 billion from the International Monetary Fund (IMF) and an increase in workers’ remittances on Tuesday enthused economic optimism among the equity investors, triggering aggressive value-hunting, which helped the benchmark KSE 100 index to scale an all-time high above the 169,000-point barrier as remittance data also fuelled the rally.
The inflow has alleviated concerns about potential delays following the release of the long-awaited Governance and Corruption Diagnostic Assessment (GCDA) on Nov 20. This assessment........