KSE 100-index falls over 500 points KSE 100-index falls over 500 points

The Pakistan Stock Exchange has show another 500 points fall on Wednesday.

The KSE 100-index recorded a drop of over 500 points Wednesday noon, with the benchmark index standing at around 43,575 points.

The KSE 100-index showing a bear trend following the Panama Joint Investigation Team (JIT) submitted its final report to the Supreme Court on Monday.

All leading opposition parties have called on Prime Minister Nawaz Sharif to resign from his post.

The Supreme Court will begin hearing the case following the JIT’s report submission on July 17.

Stock market experts said the market is reacting to the political uncertainty prevalent in the country.

On Monday, the day the JIT report was submitted, the KSE-100 index experienced a gain of 2.33% or 1,051.66 points, to close at 46,273.81 points.

On Tuesday, the KSE 100-index declined by over 2,100 points representing a loss of Rs425 billion, with share values of 305 companies falling as a result.

 

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