PSX 100-index sets new record after Imran withdraws Islamabad 'shutdown' call

09:52 PM | 1 Nov, 2016
PSX 100-index sets new record after Imran withdraws Islamabad 'shutdown' call
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KARACHI - Pakistan Stock Exchange (PSX) 100-index registered a hefty gain and the index crossed the 41,000 level after Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan backed down from his threat to shut down the federal capital on November 2.

PSX 100-index registered an increase of more than 1400 points, which was the single largest increase in the history of stock market. The index was up around 1,446 points to stand around 41,340 points.

Moreover, the S&P Rating Agency lifted Pakistan’s rating to B from B- which also gave strength to the mood of the investors.