Business

KARACHI (Web Desk) – The Pakistan Stock Exchange 100-index on Monday crossed 41,000 points for the first time in history dispelling the tension soaring across Line of Control.

Out of 371 companies called for trading, some 268 companies were gainers while rest of them were on the losing side.

The main reason behind the bullish trend was the joint parties meeting called by Prime Minister Nawaz Sharif in Islamabad today, showing unity among the political parties amid Indian aggression.

The unity shown by the political parties despite difference on the political ideologies sparked positivity among investors that government would not remain quite and would lift the issue of Indian army‘s cruelty in held Kashmir.

Another positive aspect which boosted the sentiment was the interest of Shanghai Stock Exchange in buying shares of Pakistan Stock Exchange.

According to a PSX official, some 17 companies have shown interest in buying shares of Pakistan Stock Exchange for which final short listing would be announced before the end of October.