PSX sheds 1,600 points
Entry posted by Waqas Dar
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KARACHI: The descent of the Pakistan Stock Exchange continued on Tuesday with the benchmark KSE 100-index shedding 1,600 points.
The index stood at 45,085 points by midday. It has been declining continuously by a few hundred points for the last week.
Economic analyst Mohammad Sohail explained that the political uncertainty prevailing in the country with regards to the work of the Panama case Joint Investigation Team (JIT) probing the Sharif family?s assets has had a negative impact on the stock market.
He added that the market has gone down a cumulative 15% in the past month.
Earlier on June 12, the market dipped 1,800 points as news hit of the prime minister's summoning by the JIT.
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