Tuesday saw equities build on gains following the 26th Amendment, reaching a fresh all-time high above 86,800 points. Amid expectations for political and economic stability, prominent corporations that are expected to provide alluring payments continue to be important draws in the first-quarter earnings season.
In early afternoon trading, the benchmark KSE-100 Shares Index of the Pakistan Stock Exchange (PSX) increased 798 points to 86,846 from its closing of 86,057 points yesterday.
Following the ruling coalition’s implementation of the 26th Amendment, which put an end to weeks of political unrest, the capital market recovered after days of cautious trading.
After weeks of ardent lobbying by the government to force constitutional amendments through parliament, the government eventually succeeded in reducing the superior judiciary’s chief justice-appointing authority.
