PSX tops 800 points after political clarity boosts sentiment

Investors at the Pakistan Stock Exchange in Karachi saw stocks rally past the 86,000 points mark after the political uncertainty ended with the enactment of the 26th Amendment. The parliamentary approval of changes to the constitution empowered lawmakers to select the chief justice of the Supreme Court, drawing criticism from opposition parties. Key sectors like automobile manufacturing, banks, and oil companies saw gains. Analysts attribute the rally to political clarity and positive investor sentiment. Factors like the IMF loan deal, low inflation, and rate cuts from the central bank have boosted confidence. Overall, the market has been positive since the approval of the IMF bailout deal.