Capital records fresh gains as PTI leads general elections 2018
Stock market from word goes recorded an increase and comfortably sailed over 42000 points level.
ISLAMABAD (Dunya News) - Pakistan capital recorded fresh gains, registering an increase of more 750 points as Pakistan Tehreek Insaf leads the election 2018 securing better than market expectation which denotes that “tabdeeli sets”, with expectation are flying high.
The stock market from the word goes recorded an increase and comfortably sailed over 42000 points level, the index in brief period hit the high of 42106 points, which currently has been trading on a high note.
The index landed in the positive territory as the PTI, led by former cricket Imran Khan, bagged more than expectation of the researchers, investors and analysts. Majority are of the opinion that Imran Khan would take 85 to 90 seats in the electoral process but at present, the party is leading on 119 seats.
“However, the things have just started and now they have a mountain to climb and first 100 days like any other government has been quite important and have to see what kind of policies it would be designed to tackle the ailing economy”, said an analyst.
The economic problems have been worrisome and continuous decline in foreign exchange reserves and external debt payments have been keen issues to address on an emergent basis.
