Business

KSE-100 index crosses 29,000 points again

KARACHI: The Karachi Stock Exchange recorded an upward trend and crossed 29,000 points on KSE-100 index on Thursday, ARY News reported.

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The go-ahead from the Pakistan Awami Tehreek (PAT) and Pakistan Tehreek-e-Insaf (PTI) for dialogues with the government proved productive for the stock market. The KSE-100 index recorded increase of 450 points, thus crossing the 29,000 mark.

Political analysts are of the view that PAT and PTI’s stance for negotiations with the government restored confidence of traders that led to investment from business circles.

After a week of political uncertainty, Dr. Tahirul Qadri and Imran Khan, who are staging sit-in in Islamabad seeking re-elections, hinted for dialogues with the government in their respective addresses on Wednesday, however both the protesting leaders linked their dialogue deal to the resignation of Prime Minister Nawaz Sharif.

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