ISLAMABAD: Pakistan’s Stock Exchange apparently welcomed the majority of the Opposition parties in the upcoming no-confidence motion against Prime Minister Imran Khan today.
The 100-index of Pakistan Stock Exchange gained 591 points a few minutes before closing today (March 31) as the Pakistan Democratic Movement (PDM), an alliance of opposition parties, announced support of 197 MNAs against requirement of 172 MNAs to oust PM Khan from the government.
The index of the PSX edged up to 44,928 points today, at 3:53 pm, showing 1.33 percent growth over the previous day. A day earlier the stock market showed a depressed sentiment amid uncertainty pertaining to the number-game for the no-trust move as the government and opposition claimed support of majority MNAs.
Trading volume of the PSX edged up to 163.93 million, involving more than 5.7 billion rupees worth shares trading on March 31, 2022.
Once an uncertainty ends about the no-confidence move, the stock market would demonstrate growth by leaps and bounds.
The session of the National Assembly is resuming today to debate the no-confidence move. The parliament is expected to hold voting for no-trust against Prime Minister on Sunday (April 3).
