[b] Pakistani stocks close at new high [/b]

KARACHI, April 17 (AFP) Pakistan share prices rose 0.5 percent Thursday to close at a record high thanks to rising confidence among investors in the country's new political set-up, dealers said. The benchmark Karachi Stock Exchange index of 100 shares rose 82 points to close at 15,622 points, a new all-time high. The market has seen an overall gain of 8.1 percent or 1,269 points since the general elections on February 18. “Foreign investors have got confidence in the market sensing the present political set-up is here to stay and stabilise,” said Azhar Ahmad Batla, director of WE Financial Services. “The situation has boosted the local investors' confidence, leading to more buying rallies,” he added. (Posted @ 18:08 PST)


Hopefully this will lead to more foreign buyers especially foreign institutional buyers with billion dollar funds.

Over 15,000 points! No matter what the new finance minister says the market has spoken, Pakistan's markets are climbing without stopping for breath!

thats because given his past performance everyone knows that he is a idiot wearing a fancy suit.

It is little secret that textile industry prefers the new set up rather than the old regime,since these guys are more industrialist friendly.Im not sure if thats drving the boom though?
btw,which sectors are booming?