‘Strong stocks rally reflects investor confidence in stabilization measures’

Adviser to PM on Finance, Dr. Abdul Hafeez Shaikh has said that recent strong performance of Pakistan’s stock market is proof of increasing investor confidence on stabilization measures employed by the govt.  KSE-100 index is up by 14.9% in Nov’19, the highest one month return after May’13. Since 16th Aug’19, the index increased by 36.6% (10,500 points). The benchmark KSE-100 index managed to sustain its winning streak for the 5th successive week as it advanced 1,362 points or 3.59% and crossed the 39,000 mark after 8 months. It closed the week at 39,288 points.