Pakistan Stock Exchange celebrating After Nawaz Sharif Disqualification in Panama Leaks Case

[Zibago]

@PakSword @Moonlight @The Sandman @Hell hound @Arsalan

 

[The Sandman]

@PakSword @Moonlight @The Sandman @Hell hound @Arsalan

 

[Zibago]

 

[Tea addict]

Well isn't news like these are supposed to start the bearish run in stock market ? So why this happiness as when the stock market opens on Monday it can go down very quickly. .

 

[abrar khan]

Considerably volatility was observed at the Pakistan Stock Exchange (PSX) right before and after the Panamagate verdict, with the benchmark KSE-100 Index plunging sharply twice before inviting support from investors to close nearly flat for the third consecutive session.

After falling 719 points in the first session of trading on Friday, the index saw another sharp fall in the opening moments of the second session. However, investors soon started buying into the oversold market, helping the index recover to 45,912.

Some analysts said the possibility of the prime minister's ouster had already been priced into the market, explaining the support on selling pressure.

A JS Global report said noted that after witnessing a rebound in the first four sessions of the week, the market nosedived by more than 1,600 points during the first of half of Friday ahead of the Supreme Court's decision regarding the disqualification of the prime minster.

However, the market recovered sharply to close six points up after the apex court announced the disqualification of the premier and value hunters saw it as an end to longstanding uncertainty.

Analyst Ahsan Mehnati said stocks had closed flat as uncertainty subsided after the PM's resignation.

 

[defence_analyst]

Ungrateful people, without Nawaz bringing peace stock market would have crashed below 1000 points. We call people like these haramkhor.