Mashallah. Everyone knows Musharaf is good for Pakistan stability and making Pakistan an easy country to do business with. :k:
http://www.gulfnews.com/business/Markets/10170611.html
Pakistani stocks gain as political clouds clear
Karachi: Pakistan’s benchmark stock index rose for a sixth day as President Pervez Musharraf prepared to extend his term and former prime minister Nawaz Sharif returned to the South Asian nation to lead his party in parliamentary elections.
The Karachi Stock Exchange 100 Index rose 44.76 points, or 0.3 per cent, to 13,776.95 at close. Pakistan Telecommunication Co., the nation’s biggest telephone operator, rose Rs1.10, or 2.5 per cent, to Rs44.40.
“The political ground is clearing up, with the President expected to take oath soon,” said Atif Malek, a research analyst at JS Global Capital Ltd in Karachi. “Nawaz also arrived swiftly, and the situation is helping investors gain confidence.”
Musharraf is expected to relinquish his position as head of the army on November 29.
Movers
Standard Chartered Bank Pakistan Ltd, the country’s largest foreign bank, rose Rs0.80, or 1.7 per cent, to 47.10. Nestle Pakistan Ltd, the nation’s largest maker of dairy products, rose Rs40, or 2.2 per cent, to Rs1,860. National Bank of Pakistan, rose Rs3, or 1.3 per cent, to 243.50.