Stock Market Position Post-Elections: KSE-100 Index Gained Nearly 800 points in Intra-day Trading

Pakistan General Elections have been pleasantly surprising for most of the Pakistani public and Pakistan Stock Exchange. As Pakistan Tehreek-e-Insaf inches towards victory, KSE-100 index gained 797 points or 1.93% in intra-day trading.

The unofficial results of Pakistan Elections 2018 depict that Imran Khan will become the Prime Minister of Pakistan and there will be no need to form a coalition as was predicted by many.

Investors feel that the victory of Pakistan in the National Assembly is a positive sign for the country.

After elections in Pakistan that were held yesterday on July 25th Pakistan Stock Exchange (PSX) climbed up by 797 points and reached 42,136.06. By noon KSE-100 reached 41,852 level witnessing an increase of 513 points or 1.24%.

Celebration has started in Pakistan even though it is not officially announced that PTI has won the elections.

Shahid Afridi tweeted, “Congrat PTI and on a truly historic victory! The 22 yr old struggle has finally paid off & deservedly. Pakistanis have a lot of expectations from u I really hope u lead from the front! I request all opposing parties& media to accept the result and help rebuild”

Ramiz Raja tweeted, Who could be a bigger and better example of a leader than Imran Khan, who as a super star had the world at his feet and yet elbow greased for 22 years to work for his objective and vision..he’s special and we are proud to have him as our Prime Minister..”

Jemima Goldsmith ex-wife of Imran Khan also congratulated him and tweeted, “22 years later, after humiliations, hurdles and sacrifices, my sons’ father is Pakistan’s next PM. It’s an incredible lesson in tenacity, belief & refusal to accept defeat. The challenge now is to remember why he entered politics in the 1st place. Congratulations”

Must read: Twitterati React as Imran Khan inches towards Victory – New Prime Minister of Pakistan