KARACHI: With the legal proceedings having been completed for the support package of $3 billion by Saudia Arabia to go through, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) showed positive results during the intraday trading, as the index gained 1,297.86 points.
The market was experiencing a decline in the index during last the week and had closed with 44,114.16 points.
Summaries related to the Saudia support package were approved on Saturday by the federal cabinet. After the Attorney-General of Pakistan and Ministry of Law cleared the agreement regarding the deposit, the Finance Division forwarded the summary to the prime minister.
Saudia Arabia will also provide Pakistan with oil against deferred payments, worth $1.2bn alongside the $3 billion support package.