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SAMAA - 'Unimpressive' PDM show pushes stocks to a 42-month high


‘Unimpressive’ PDM show pushes stocks to a 30-month high
Rally to continue in 2021, analysts
SAMAA |
Farooq Baloch - Posted: Dec 15, 2020 | Last Updated: 3 months ago
SAMAA |
Farooq Baloch
Posted: Dec 15, 2020 | Last Updated: 3 months ago
Photo: File
Pakistan’s stock market hit a two-and-a-half-year high Tuesday morning on the back of year-end effect and an ‘unimpressive’ show in Lahore by the Pakistan Democratic Movement, an alliance of 11 political parties vying for an end to the ruling party on poor governance.
The benchmark KSE-100 index, a gauge to measure the market’s performance, was hovering at 43,700 points level by noon, the level last seen in mid-2018. “Market reacted to the flop show by PDM in Lahore, which announced a long march in February, removing investors fears,” said securities analyst Adnan Sami Sheikh. ....

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