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Pakistan Stock Exchange crosses 45K level with bullish sentiment as PM decides to face no-trust move on Sunday

PSX started the day with bullish sentiment and the benchmark 100-index gained 208 points and mounted to 45,136 points till 11:50 am with trading of 47.6 million shares valuing 2.548 billion rupees.

ISLAMABAD: Pakistan’s Stock Exchange today crossed 45,136 points again after gaining over 200 points for the second consecutive day as doubts about no-trust move and majority of opposition in the National Assembly have ended after PM Khan’s last night speech to face the no-confidence motion on Sunday.

PSX started the day with bullish sentiment and the benchmark 100-index gained 208 points and mounted to 45,136 points till 11:50 am with trading of 47.6 million shares valuing 2.548 billion rupees.

From Thursday the stock market is showing positive sentiments when opposition claimed support of a majority of MNAs which minimized political uncertainty shrouding the no-confidence move in the parliament.

Prime Minister Imran Khan’s decision to face no-trust move has been welcomed by the investors who are hopeful of peaceful outcome of this move.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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