The KSE-100 index has been increased by 330 points and is being traded at 63333 points as Pakistan is heading towards the general elections in 2024.
As per the PSX data portal, the buyers show interest in buying shares of oil and gas, and power companies.
All mainstream parties of the country vowed to fix the economic owes along with coming up with pro-traders and business community policies after winning the elections and forming the National and provincial assemblies.
The upcoming government will have to face several daunting economic challenges including dealing with the International Monetary Fund (IMF) aid the rising inflation. The elected government will also have the pressure to reduce industrial electricity prices, settle over one-fifth of the circular debt, and make the Rs268 billion debt of the Pakistan International Airline (PIA) part of the public debt.
The investors are looking towards the upcoming elected government to settle the financial matters in a bid to increase the trust of the business community paving the way for the Foreign Direct Investment (FDI).
Interestingly, the ECP ordered the interim government to halt the privatization of the PIA and the massive reshuffle of the Federal Board of Revenue (FBR).