Post-poll Karachi Stock Exchange zooms up

Islamabad, May 13 (IANS) The Karachi Stock Exchange shot up Monday, a day after unofficial results showed the Pakistan Muslim League-Nawaz had emerged as the single largest party.

Karachi Stock Exchange (KSE) gained in early hours some 300 points breaching KSE-100 index record of 20,000 points, as investors hailed the outcome of the May 11 polls and hoped for the restoration of some peace and stability in the country, reported Geo News.

Investors thronged to buy the blue chips.

Sources said that PML-N victory has given hopes to the investors yearning for peace and stability in the country.

The KSE-100 index zoomed up by 300 points and breached Pakistan’s records in the history of stock trading. Karachi is the commercial hub of Pakistan.

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