PIA share price takes off on privatization prospects

Pakistan International Airlines’ (PIA) share price has registered 600 percent jump at Pakistan Stock Exchange (PSX) after reports that investors were showing keen interest in buying the troubled airline, reported 24NewsHD TV channel on Friday.

According to PSX experts, share price of PIA have touched Rs27 during the last 10-day from the earlier Rs4.5, which showed a growth of 600 percent.

Now PIA shares became the 70th most attractive stocks at the PSX.

According to experts, main cause behind the hike in PIA’s share price was investors’ keen interest in its privatization process which was soon going to enter in bidding process.

Reporter: Ashraf Khan