KARACHI JULY 31 (TNS): The KSE-100 index went up by over 1,100 points on Monday, when the market opened after a politically charged weekend. The benchmark index crossed 47,000 points at around 11am.
According to financial analysts, the Pakistan Stock Exchange was facing tumult since the past two months due to the Panama case in the apex court. However, after the Supreme Court verdict the market has become stable.
But the market was still 6,000 points below its peak, financial analysts said. There is a margin of increase of 1,000 to 2,000 points.
Out of the 324 companies trading in the market on Monday, the value of shares of 267 companies went up.
