KARACHI: Though political scenario remains hazy, stocks continue to capitalize on the developments taking place in the federal capital as Karachi Stock Exchange KSE-100 index roared past the overnight gains and added another 250 points or 0.86 percent to touch 29,510 in early trading on Wednesday.
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 the joint session of the parliament reiterated commitment to democracy and upholding the constitution.
The current political turmoil has been taking many turns along a turbulent road. The issuance of notices to all parliamentary parties along with the PAT by the Supreme Court and a Joint session of Parliament opened in which all the parties threw their weight behind the government picked up the market sentiments.
Meanwhile, Imran Khan and Tahirul Qadri continued their protests and criticized political figures as well and reiterated their demand that both Nawaz Sharif and Punjab CM Shahbaz Sharif had to go.
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