After days of uncertainty in the market owing to the political deadlock in Islamabad, the Karachi Stock Exchange 100 index finally acquired a considerable degree of confidence with an increase of 1002 points to 28,756 at the start of trading.
Business of shares worth some Rs50 million shares was done since trading began.
Investors have attributed the positive sentiment in trading to the series of events that transpired in Islamabad late on Thursday and early Friday.
Earlier in July, ratings agency Moody’s had also upgraded Pakistan’s country outlook to ‘stable’ from ‘negative’ citing its improving external liquidity position and commitment to reforms.
