Karachi (July 5, 2017): Pakistan Stock Exchange (PSX) on Wednesday saw investor sentiment mixed considerably, with the benchmark KSE-100 index surging to a day’s high of 46,358 points from a low of 45,153 962, before settling nearly flat with a gain of 19 points at market close.
The PSX had only two days earlier experienced a bloodbath, with the benchmark KSE-100 Index shedding 1,900 points on reports that the Supreme Court-appointed JIT’s proceedings were not going in favour of the first family.
The JIT has to submit its findings before the apex court on July 10, which will then decide if the prime minister can be sent packing for misleading the nation on his personal wealth.
Trading had commenced Wednesday on a negative note, with the benchmark shedding almost 242 points to touch 45,152.63 points as the day’s low within the first few minutes. However, it rebounded shortly after and continued upward till it touched 46,356.78 points — the day’s high. The index later experienced considerable selling pressure and settled at 45,413 points by close of trading. Trading activity was led by the banking sector, with 31.5 million shares traded.
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