ISLAMABAD – The Pakistan Stock Exchange remain under pressure for thewhole week and also during the last session before the weekend alsorecorded a decline owing to political happenings- announcement of Avenfieldproperties case against former Prime Minister Nawaz Sharif.
The trend on Friday was not different and the index at the close of firstsession lost 129 points to 40109 points.
During the whole week the stock market remained under pressure and indexsuffered an erosion of nearly 1799 points. The market capitalization orstock values showed an erosion of nearly Rs 300 billion.
“The market has been under pressure since the announcement that the apexcourt will announce verdict related to Avenfiled in which former primeminister Nawaz Sharif name has been attached sent ripples”, said an analyst.
Moreover the market has been under pressure due to weak economic numbersand continuous foreign selling.