Pakistan Stock Exchange suffered a major blow
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KARACHI – Pakistan Stock Exchage suffered a major blown on Friday.
PSX market continue to decline as bears dominated the index where share price dipped by 2.47 percent on political noise and upcoming ECL which gave negative signals to investors.
Local bourse opened on a negative note and further tumbled 934.91 points or 2.47 percent. Panic among the investors was triggered as Pakistan Tahreek-e-insaf government released the list of 172 people, and placed them on the Exit Control List (ECL).
The list contained names including the top leadership of Pakistan People Party namely Chairman Bilawal Bhutto Zardari, former president and party Co-Chairman Asif Ali Zardari and his sister Faryal Talpur, in light of a recent joint investigation team report submitted to the Supreme Court in the money laundering probe.
