*ISLAMABAD - Pakistan Stock Exchange has bounced back on the first day of the new year.*
*The capital market bounced back sharply on Tuesday with the benchmark KSE-100 share index, a gauge to measure the market performance, booking its largest gain in over two months.*
KSE-100 was hovering at 38,000 points level, up 2.5% or 929 points from the previous day’s closing level. The last time market appreciated this much was on October 26.
This was a sharp come back from its last week’s position when news of prominent politicians and business people being placed on the exit control list dragged the index down to its lowest level of the past 10 weeks.
A report by the Joint Investigation Team of the Supreme Court that unveiled names of 172 people in a fake accounts case. The government has put these people on the ECL, barring them from leaving the country.