KARACHI: The news apropos creation of a $ 20 billion market support fund has encouraged the bull, as a result, the KSE-100 index recovered 1,054.67 points.
According to reports when PM’s Advisor on Finance Dr. Abdul Hafeez Shaikh met the stockbrokers on 17th of this month it was agreed that a $20 billion fund would be set up in order to contain the decline on the trading floor.
Meanwhile, the plummeting value of rupee also saw a slight improvement gaining half a rupee in the open market. Presently greenbacks could be acquired for Rs. 153.