JIT report: PSX index loses 2120 points

Tuesday 11 July 2017 3 months ago 57   Karachi   Print

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Report  Web Desk : KARACHI: Stocks bleed at Pakistan Stock Exchange (PSX) on Tuesday amid the Panama JIT report as KSE-100 Index lost over 2100 points. On Tuesday the market resumed trading in the negative zone and the Index lost 2120 points, or 4.5 percent, by 2:10 pm. Within minutes of the market opening, the benchmark KSE-100 index plunged over 1,300 points, going from 46,273 at 9:30am to 44,969 at 9:35am a drop of nearly 2.83 per cent. By around noon, the market further fell to 44, 135 points, a drop of 4.5pc or 2120 points. On the first day of the fiscal year, the benchmark index took a 4pc plunge, shedding 1,900 points as political uncertainty clouded the outcome of the JIT probe. (01)