{"id":7558,"date":"2024-06-13T17:35:26","date_gmt":"2024-06-13T12:35:26","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=7558"},"modified":"2024-06-13T17:35:26","modified_gmt":"2024-06-13T12:35:26","slug":"great-boom-in-the-stock-market-the-74-thousand-points-limit-is-restored-again","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=7558","title":{"rendered":"Great boom in the stock market, the 74 thousand points limit is restored again"},"content":{"rendered":"<p><strong>A remarkable surge was observed in the Pakistan Stock Market the day after the federal budget was presented, with the KSE-100 Index crossing the 74,000-point mark once again.<\/strong><\/p>\n<p>On the fourth business day of the week, the stock market exhibited a strong bullish trend, with the benchmark KSE-100 Index rising by 1,909 points.<\/p>\n<p>According to the PSX website, at approximately 10:15 AM, the KSE-100 Index had increased by 1,909 points or 2.62%, reaching 74,707 points, up from the previous day&#8217;s close of 72,797 points.<\/p>\n<p>The stock market continued its upward trend, with the 100 Index trading at 74,917 points after an increase of 2,120 points.<\/p>\n<p>It is noteworthy that yesterday, Federal Finance Minister Muhammad Aurangzeb presented the budget for the new fiscal year 2024-25, with a total volume exceeding Rs. 18 trillion. The budget includes a proposed 25% increase in salaries for federal employees and sets the minimum wage for workers at Rs. 37,000. Additionally, Rs. 2,122 billion have been allocated for the country&#8217;s defense expenditures.<\/p>\n<p>Meanwhile, the value of the US dollar also increased in the interbank market. On the fourth business day of the week, the dollar&#8217;s price in the interbank market rose by 9 paisa, with the dollar trading at Rs. 278.70.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A remarkable surge was observed in the Pakistan Stock Market the day after the federal budget was presented, with the KSE-100 Index crossing the 74,000-point mark once again. On the fourth business day of the week, the stock market exhibited a strong bullish trend, with the benchmark KSE-100 Index rising by 1,909 points. According to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"home-loop","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"footnotes":""},"categories":[41,47,46],"tags":[],"class_list":["post-7558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-important-news","category-latest"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/7558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7558"}],"version-history":[{"count":0,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/7558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/7559"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}