Market gains 4.9% WoW amid political, economic positives
economy stock market growth of finacial recovery
The market rebounded significantly this week, closing at 62,816 points, a rise of 4.9% or 2,900 points, overcoming the 3,000-point loss experienced the previous week due to political uncertainties.
This recovery was spurred by a series of positive political and economic developments as the week commenced on a positive note and saw further uplift after the Pakistan Peoples’ Party and Pakistan Muslim League-Nawaz (PML-N) announced on Tuesday night a coalition setup in the centre.
Additionally, provincial assemblies, including Punjab MPs taking oaths and the naming of the Sindh Chief Minister on Friday, contributed to the market’s positive trajectory.
