Pakistan stock market nosedives ahead of Panama case verdict

Friday 28 July 2017 3 months ago 34   Islamabad   Print

File photo.

Report  Web Desk : KARACHI: Pakistan Stock Exchange (PSX) took a nosedive on Friday morning ahead of the Panama case verdict to be announced by the Supreme Court. The market opened on a negative note and within no time it lost 1100 points where more than 200 companies landed in the negative zone and market capitalization evaporated by Rs 200 billion. As expected, the index showed negative signs following the announcement of the verdict to be announced today. The Panama case and JIT have already made immense scars on the PSX 100-index run up. The index from the high of 52865 points attained on May 24 has lost in excess of 7000 points. (01)