KARACHI: Though political scenario remains foggy, Karachi Stocks continue to capitalize on the developments taking place in the federal capital. KSE-100 index added another 207.04 points to touch 29720.82 in early trading on first business day.
The market opened with positive sentiments and kept on marching upward, giving boost to the investors’ confidence.
Investors were comforted as they sensed a thaw in the political crisis since both the negotiating teams – Govt vs Imran Khan and Tahirul Qadri — claim progress in talks.
Talking to reporters following the three-hour meeting — held at the residence of PTI secretary general Jehangir Tareen — PTI vice chairman Shah Mehmood Qureshi declared that “meaningful dialogue has begun” and that both sides were making “serious efforts to rescue the nation from the prevailing impasse”. This was the first time the PTI expressed such positive sentiments about the fate of the talks.
