Karachi (24 News): The air of uncertainty prevailing as a result of the Panama Case decision is effecting the PSX 100 Index, reports 24 News HD.
According the sources, trading is being adversely effected due to the uncertainty prevailing before the final verdict of the Panama Case. The 100 Index dropped a further 100 points on Thursday, and was seen at 46000 points.
The prevailing bearish trend was attributed to the insecurity of traders, who along with the rest of the political and business community have been extra cautious.
The stock market plummeted to 46000 as soon as trading opened on Thursday.
Stock brokers are of the opinion that the bearish trend is only temporary, however.
The stock market had been steadily climbing since last year, and had reached the mark of 50000 points, the highest in Pakistan’s history.
The Panama Case revelations and the subsequent delaying game has reduced the index by approximately 2300 points.