PSX closes at 45,912 points on Panama verdict day
A positive trend was witnessed at the very end with addition of six points before closure
KARACHI (Dunya News) – Pakistan Stock Exchange (PSC) witnessed a positive trend at the closure with the addition of six points as the stock market closed on 45,912 points as a whole.
The investors have already started to accept the Panama case verdict in which Prime Minister Nawaz Sharif has been declared ineligible to remain the member of National Assembly over undisclosed assets.
The day started with nosedive of 1,600 points. It gradually improved during the closure when six points were addition which experts called a positive development for the country’s economy.
The buyers jumped in considering the low prices of shares and celebrated the end of political turmoil with the PM’s disqualification. They hope for a stable state of affairs.
Panama case and the political unrest resulted in a huge loss for investors, but they are now hopeful for future. On May 24, the index valued at 52,865 points and has lost about 7,000 points till now.
