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Pakistan Stock Exchange and Pakistani Rupee response over PTI victory is amazing

Pakistan Stock Exchange and Pakistani Rupee response over PTI victory is amazing

KARACHI – Shares in Pakistan rose to their highest in more than three weeksin early trade on Thursday, while the Pakistani rupee traded firmer at theopen as the nation awaits general election results.With crickethero-turned-politician Imran Khan leading in a partial count, the benchmarkindex was up 1.6 percent at 42,023.57 by 0542 GMT, giving up some of itsgains shortly after the opening, when it was up as much as 1.9 percent.

In spot trade, the currency was 0.1 percent stronger against the U.S.dollar.

Election Commission of Pakistan (ECP) secretary Babar Yaqoob told reportershe could not set an exact deadline for release of the complete results, butit would be as soon as possible.