KARACHI: Karachi Stock Exchange (KSE) 100-index has gained 34.72 to reach 28664.84 points mark as the Prime Minister vows to ease the tension between government and protesting parties, deciding to woo PTI Chief.
The KSE, the other day, witnessed bearish trend, losing 222 points to reach the level of 28,630 points due to the announcement of march on Red Zone by PTI and PAT chiefs.
Now as two march groups were sitting in front of Parliament the situation of future stocks were still uncertain.
Talking about current political turmoil analysts were of the view that in current situation if investors have this short-term panic overview that Pakistan is about to collapse, would have lost them money but the long-term view of “we’ve got problems, but the largely peaceful solution is about to happen” would have made you money.
The economic analysts said that impact of Imran Khan’s civil disobedience movement will be devastating for already suffering economy. “Even the people having no knowledge of Economics and economical growth can guess that resistance to pay taxes and utility bills can play irreversible havoc” they added.
