Panamagate: Bearish trend grips PSX amid political uncertainty
Country has been gripped by political uncertainty amid judgement in much awaited Panama Leaks case.
KARACHI (Dunya News) - Asia’s best equity market Pakistan Stock Exchange (PSX) has been jolted by Panama Leaks Case as 100-index, during the morning session on Wednesday, plummeted as much as 800 points to settle at 46, 000 point-level.
Country has been gripped by political uncertainty amid judgement in much awaited Panama Leaks case while traders and analysts blame the same for bearish trend in stock exchange. Investors are preferring to sell shares as cautious trading is being witnessed.
Stock brokers terms decline in trading temporary. It should be recalled that stock exchange had crossed psychological mark of 50,000 point-level in January and had been declared Asia’s best by leading international journals. Since then, PSX has lost 2300 points owing to hyped created by Panama Leaks Case and delay in verdict.
