Home Business Pakistan stock market witnesses 1000 points loss

Pakistan stock market witnesses 1000 points loss

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(Dunya News) – The share market opened on a negative note and dropped by as much as 200 points but as the passing of the session, the index during the trading period nosedived by more than 1000 points, which depicts affairs of state heralding these days.

The index, recorded on May 24 as more than 52000 points, has been slipped by 20 percent. The MSCI fallout, Panama case, JIT preparation, Supreme Court decision of de-seating the Prime Minister and non-appearance of Nawaz Sharif in National Accountability Bureau (NAB) hint that country’s political arena has been in troubled water.

Investors are selling shares in massive way and index saw fresh pruning. All the key investment stocks and trading equities were in the red column.

Story by Haris Zamir

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