Summary Index would settle once the issue of JIT would be resolved.
KARACHI (Dunya News) – Lack of support from financial institutions both domestic and overseas dragged the index breaching two important levels of 46000 points and 45000 level, depressing the mood of the investors.
The index recorded substantial loses and Pakistan Stock Exchange lost almost over 1700 points, eroding share values by nearly Rs 260 billion.
The factor was same, JIT in which again sons of Prime Minister Nawaz Sharif, her daughter Maryam Nawaz and Finance Minister Ishaq Dar have been called, they would be questioned on Panama issue which has perturbed the mood of the investors.
Top trading companies, blue chips and investment stocks were showing red signs and share price dipped in the range of Rs 2 per share to Rs 14 share which are top volume leaders.
Index would settle once the issue of JIT would be resolved. Market traders believed there has more room for downward correction as final verdict related to JIT would be announced on next Monday, July 10.
