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Shares at PSX rally 500 points on hopes of consensus on forming new govt
Bulls returned to the Pakistan Stock Exchange (PSX) on Monday as shares gained over 500 points, with analysts attributing the rally to hopes that political parties would soon reach an agreement on forming the government.
Last week, growing doubts about the formation of a new coalition government amid raging protests against alleged manipulation of election results across the country kept the market sentiment depressed. The KSE 100-share index closed at 59,872.96 points plunging by a staggering 3,071.04 points or 4.9pc........
© Dawn Business
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