PSX-100 falls 237 points, sheds 763 pips in three days

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Political noise on Wednesday casted a gloomy outlook upon the Pakistan stock market as 100-index fell 237 to close the day at 40,526, shedding 763 pips in three days.

Trading at Pakistan Stocks Exchange started on a positive note.

Market benchmark 100-index added 152 points in early session and registered its day high of 40,921. The market changed its course due to political wrangling, 100-index dropped 237 points to close the day at 40,526.

Investors traded 347 million shares during the day. Chairman and Chief Executive Officer Muzzammil Aslam at Invest & Finance Securities Limited (IFSL) said that share market has lost 736 points in three days mainly because of political uncertainty.

He said that market has lost Rs.160 billion of its capitalisation in just three days.

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