The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Thursday after PTI backed Chaudhry Pervaiz Illahi takes oath as Cheif Minister Punjab, ARY News reported.
The KSE-100 index of the PSX gained 575 points on Thursday, following the return of the Pakistan Tehreek-e-Insaf (PTI) government in Punjab. The market, after a 575-point rise, is currently trading at 40,548.
PTI leader Muzammil Aslam tweeted that PTI’s return to power in Punjab has restored the market’s trust. The market has gone up by 540 points, which will only improve as the incumbent government is outsed, he added.
On July 21, the Pakistan Stock Exchange (PSX) witnessed massive selling pressure, as the benchmark KSE-100 index shed more than 500 points.
The market began its slide soon as the benchmark KSE-100 index plunged 582 points.