The news that the PML-N and the PPP have reached an agreement on forming a government in the Centre gave much-needed boost to the share market, as the Pakistan Stock Exchange made a net gain of 1.81 per cent on Wednesday amid the hopes that the new elected arrangement will provide sustainable policies and revive the economy.
Within five minutes of the new session, the benchmark KSE-100 Index had touched 61,553.36 against the previous closing of 60,464.24, representing a gain of nearly 1,000 points.
By the time session was closed, the KSE-100 had climbed to 61,559.15 after an addition of 1,094.51 points, or 1.81pc, after the benchmark index saw a trading volume of over 208 million shares.
The latest gains show how the desperate the market is about seeing an end to political instability in Pakistan, as stocks have been sliding before the Feb 8 elections and after the polling day thanks to the fractured mandate it produced.
