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Bear hits PSX as index loses 800 points

Karachi (July 3, 2017): Bear hit Pakistan Stock Exchange (PSX) on Monday as the bourse lost over 800 point at the start of trading.

As per details, the PSX resumed trading of the first day of the week in negative zone and the benchmark KSE-100 Index lost 800 points in early trad.

The index fell below the 46,000 points and is trading at 45, 765 points level.

Market participants attribute the bearish trend with prevalent political environment in the context of Panamagate probe.

The JIT is to present its report to the SC on July 10 and on the basis of the report the apex court will decide the future of Prime Minister Nawaz Shairf.

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