Pakistan Stock Exchange witnesses rise as PTI looks set for victory
KARACHI: The stock market witnessed a bullish trend Thursday morning as early election results tipped the Pakistan Tehreek-e-Insaf (PTI) for victory.
The Pakistan Stock Exchange saw a significant increase in activity during early trading, a day after the country voted for its second consecutive democratic transfer of power, as the benchmark KSE-100 index gained 767 points to reach 42,106 points.
Preliminary, unofficial results showed the PTI, headed by cricketer-turned-politician Imran Khan, leading the National Assembly tally. As party workers from across the country celebrated the results, the incumbent Pakistan Muslim League-Nawaz (PML-N) flat out rejected the pending results of Wednesday’s election, citing “outright rigging” and accusing officials of preventing its representatives from overseeing the count.