KARACHI: In the midst of political uncertainty and fear of raging floods, the Karachi Stock Exchange benchmark KSE-100 appeared enthusiastic and gained 174 points or 0.58 percent to reach 30244 in early trading on Tuesday.
The market opened with a positive note and set the pace for upward march. Experts opined that it seemed the market had defied all the worries in the prevailing circumstances.
The KSE which had went down on Monday made recovery and closed on 30070 with modest gains.
The political stalemate in the federal capital has worsen with both the protesting parties – Imran Khan’s led PTI and Dr Allama Tahirul Qadri’s led PAT have announced quitting talks with the government. They have been encamped in the federal capital for more than a month now, demanding Prime Minister Nawaz Sharif to resign and dissolve the parliament.
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