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PSX’s 100 Index loses 1,382 points.

PSX's 100 Index loses 1,382 points.

PSX’s 100 Index loses 1,382 points. The KSE-100 index of the Pakistan Stock Exchange on Thursday plunged by more than 1,382 points during intra-day trade in the wake of a special court’s thorough verdict in the high-trait case against former President General (retd) Pervez Musharraf.

The benchmark index opened at 41,603 points but began to fall around midday as the market expected the verdict to be issued.

The index nosedived after the verdict was issued at about 2 pm, plunging at one stage to 40,414 points.

In the final 45 hours of the session, however, the index bounced back, gaining 434 points to end the day at 40,655.37 — a cumulative loss of 948 points.

Thursday’s dip was the first major one for the stock exchange in weeks that had rallied sharply over-improved economic outlook. News report on PSX’s 100 Index loses 1,382 points.

Source: Newsagency

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Written by Hamid Aziz

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Judges who made this decision should have a mental test.

DG ISPR Press Conference 19 Dec 2019.