Election Stimulus: Stock market at all-time high
PML-N’s pro-commerce, pro-industry policies will herald a new era of economic growth, says analysts.
The stock market rallied to an all-time high above 20,000 points in the first post-election trading session on Monday. PHOTO: INP
KARACHI:
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.
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.