Adviser to the Prime Minister of Pakistan on Finance and Revenue, Dr. Abdul Hafeez Sheikh has said that the strong rally in Stock Market shows increasing investor confidence on stabilization measures taken by the Govt.
On Sunday he tweeted, “The KSE-100 index is up by 14.9% in November 2019, highest one month return after May 2013. Since 16 August 2019, the index increased by 36.6% (10,500 points). The strong rally in Stock Market shows increasing investor confidence on stabilization measures taken by the Govt.”
https://twitter.com/a_hafeezshaikh/status/1201059993329512449
It should be noted that the KSE 100 Index increased by 1,362 points (3.59%) and closed at 39 thousand 288 after 8 months.
The index closed positively for the third consecutive month during November and rose 15%, the highest monthly gain since May 2013.
Last week, the trade started on a positive index, but there was no change in the discount rate from the State Bank, which was good for the local course.
