Midweek saw a bull run on the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index rising by almost 1,000 points.
Following a successful political development in which political heavyweights PML-N and PPP hammered out a late-night agreement to establish a coalition government, the money market is beginning to recover.
Due to the ongoing political unrest, investors were cautious during the first two trading sessions this week, but on Wednesday, the share market gained more than 1,000 points.
According to the PSX homepage, the index was up 811.72 points, or 1.48 percent, from the previous closing of 60,464.44 at approximately midday.
Little changed in Pakistan’s precarious external situation; as of February 2024, the State Bank of Pakistan reported net foreign reserves of $8 billion.
