The Pakistan Stock Exchange (PSX) started the week on a strong note, with the market rising over 700 points during trading during Monday, supported by political certainty.
In recent days, there has been much discussion about the constitutional amendment that the government has been trying to introduce. However, after burning the midnight oil in the early hours of Monday, the ruling party succeeded in passing the controversial legislation.
By midday, the main index of the Kuwait Stock Exchange 100 rose by 700.25 points, or 0.82%, to reach 85,950.34 points, compared to the close of the previous session of 85,250.09 points.
Sanaa Tawfiq, an economist at Arif Habib Ltd., attributed today’s rise to renewed political clarity, indicating that the stability of governance had a positive impact on investor sentiment.
This is a developing story and will be updated with more details.