Summary The benchmark index on Tuesday morning rose 250 points to hit historic 20,500 points.
KARACHI (Online) - The boost in Karachi stock market continued on second day as the stock hit an all-time high following pro-business leader Nawaz Sharif s strong victory in landmark elections, hundred index reached 20,500 on Tuesday.
Earlier on Monday KSE crossed 20,000 marks for the first time, after Sharif s Pakistan Muslim League-N (PML-N) emerged with a clear lead in center and Punjab.
The election results defied analyst’s predictions of a weak parliament as the PML-N looked able to form a government without the help of its traditional rival the Pakistan People s Party and new challenger Imran Khan s Pakistan Tehreek-e-Insaaf.
Investors are hopeful of an economic revival under Sharif, whose pro-business policies earned him a good reputation among traders and industrialists during his two previous tenures in the 1990s.
Though his privatisation agenda was never fully implemented, Sharif has promised in early interviews to pick up where he left off.
