Bulls dominate Pakistan Stock Exchange after govt formation deal
Stay tuned with 24 News HD Android App
Bulls returned to the Pakistan Stock Exchange (PSX) on Wednesday with a forces after positive development on political front following days of deliberations brought smiles of investors’ faces, reported 24NewsHD TV channel.
Top political parties – PML-N and PPP – struck a midnight deal for form a government at the Centre following split mandate from February 8 general elections.
Share prices surged when the market opened on Wednesday with bulls dominating as stocks gained over 1,000 points, with analysts attributing the gains to consensus over the formation of the government.
Today, bulls took strong hold of the KSE-100 index as soon as the opening bell rang. According to the PSX website, the index was trading at 61,275.16 points at around noon up 811.72 or 1.48 percent from the previous close of 60,464.44.
Reporter Baseem Iftikhar