The stock market rallied to an all-time high above 20,000 points in the first post-election trading session on Monday. PHOTO: INP
The stock market rallied to an all-time high above 20,000 points in the first post-election trading session on Monday, with investors ecstatically endorsing PML-N’s coming into power.
The PML-N is credited as the party that initiated the privatisation process in the banking sector of Pakistan during the early 1990s, which was followed by a comprehensive petroleum exploration and production policy framework during its second stint in the government (1997-99).
PML-N’s pro-commerce, pro-industry policies will herald a new era of economic growth, analysts said. The party’s strong majority in polls also indicates that needed reforms will be easier to implement, and investors are banking on that factor to justify increased investment in the bourse.
Published in The Express Tribune, May 14th, 2013.
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This news is the height of dishonesty and spin. The fact is the KSE was all time high even before the elections during the days of the last maligned govt. It did not take only one session to bring it to an all time high. If the market were an all time low (like a few years ago) then it would have taken a few years of continuous work to bring it to this high. The full supply of power on election day was also because of the new would be govt. The news should be the stock market continues its rally after elections.