The Pakistan Stock Exchange PSX-100 index recovered significantly and rose 161 points to close at 61226 points benchmark in the afternoon after Shehbaz Sharif ended political uncertainty by chalking out the political roadmap of his party for government formation in the Center.
Pakistan Stock Exchange trade ended in a positive zone after a fall of 1450 points. The PSX 100 index shed a record of 1500 points since the shock results of Elections 2024 with no party getting the majority seats to form the government. Political forces are contacting and holding meetings to form possible alliances to form government in Punjab and the National Assembly.
In the stock market, there was a sharp fall in the morning and a significant boom in the afternoon.
On Tuesday, Rs430.44 million shares worth Rs16 billion were traded.
Earlier in the day, Pakistan Muslim League Nawaz (PML-N) President and former prime minister Shahbaz Sharif clarified that PMLN will sit on the Opposition benches if independents form a government at the Centre.