
Pakistan Stock Exchange (PSX) on Wednesday experienced a notable surge, driven by clarity on the political front in the wake of the Pakistan Peoples’ Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) making things official regarding their agreement to ally the centre.
In the morning, trading commenced on a positive note when the benchmark KSE-100 index surpassed the 61,000-point mark immediately after the morning bell rang.
The benchmark KSE-100 index closed the session at 61,559.15 points after registering an increase of 1,094.91 points (or 1.81%).

Owing to the uncertainty on the political front Pakistan stocks have remained volatile since the start of this month. However, after last night’s presser by the top leadership of two major political parties, the investors breathed a sigh of relief.
In a breakthrough on Tuesday night after marathon meetings, the PML-N and PPP finally secured a power-sharing agreement for a coalition government with Shehbaz Sharif as prime minister and Asif Ali Zardari as president for the next five years.