Bearish trend continues as PSX 100-index gains 1000 points

Bearish trend continues as PSX 100-index gains 1000 points

The bear run continues at Pakistan Stock Exchange today and PSX 100index jumped to 1000 points,  the day-after the Supreme Court announced the judgment in Panamagate case yesterday.

The confidence of the investors seems to be be restored which has impacted the market positively today.

Prior to the announcement of the judgment yesterday the investors played it safe but they seem confident today.

The market opened on a positive note today and soon gained 100-700 points. Market has gained 2100 points in just two days. The trading volume has also jumped high from 200 million to 480 million shares

Analysts predict the bearish trend to continue as the political turmoil getting calm down.

 

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