Supreme Court’s decision on reserved seats may impact the index.

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According to IMS Research, the KSE100 index closed 150 points lower yesterday at 79,992 points. Today’s key event is the Supreme Court’s decision on reserved seats. If the decision goes against the coalition government, it could raise the political temperature and check the market’s upward trajectory.

We advise investors to wait until the decision is announced.

It recalled here that On Thursday, Chief Justice of Pakistan Qazi Faez Isa chaired a special session of the SC’s 13-member full bench for a second round of consultations on the case of the reserved seat. According to a cause list issued on the SC website, a full-court bench will announce the short ruling at 12pm today. The SC had reserved its judgment on the Sunni Ittehad Council’s (SIC) appeal against the Peshawar High Court (PHC) verdict, denying them reserved seats for women and minorities in the national and provincial assemblies. (Media and research house)

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