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