Investors pin high hopes from Panama Papers verdict
Index was around 47932 points, where turnover was mostly glued to steel, cement, auto and gas.
KARACHI (Dunya News) - Pakistan Stock Exchange climbs more than 300 points as financial institutions and some of the mutual funds took fresh positions in leading stocks and some of the companies’ shares where they hold good promise of return.
Like Wednesday, though the heat was bit less, the index opened on a negative note and slipped by 230 points, however, the fund houses placed fresh position in leading stocks lifting the index, surging by 320 points.
The index was around 47932 points, where turnover was mostly glued to steel, cement, auto and gas companies.
"Investors are anxiously waiting for the panama outcome", said a leading trader. But analysis from leading foreign house which opined that judicial commission would likely to be formed to investigate against the Prime Minister Nawaz Sharif s son properties in London.
Index would decide its final course after the decision.
