PSX sees bearish trend after damning JIT report

Due to the JIT report the KSE 100-share Index of Pakistan Stock Exchange (PSX) dropped 3.53 percent or 1,632.77 in the morning session


PSX sees bearish trend after damning JIT report

The investigation report into financial dealings of the Sharif family which concluded that the ruling family has acquired ‘assets beyond means’ hit the stock market as the trading opened on Tuesday.

The KSE 100-share Index of Pakistan Stock Exchange (PSX) dropped 3.53 percent or 1,632.77 in the morning session.

On Monday, the KSE 100-share Index of PSX gained 2.3 percent or 1,051.66 points to close at 46,273.81 points as the ‘market participants were relieved by news that the apex court had not taken any hasty action and has adjourned the court proceeding till next week’.

The Joint Investigation Team (JIT) constituted by the Supreme Court for probing the allegations of financial irregularities and money laundering by the first family recommended filing of a reference, through the NAB, against Prime Minister Nawaz Sharif and his family after disparities were found between their known source of income and the actual wealth.
Commenting on the matter, expert Muzammil Aslam said the investor is uncomfortable on the JIT report but hopefully this trend would not continue for long and the market will move up soon.

The market saw upward trend yesterday on reports that the prime minister has been acquitted by the probe committee but the final report recommendation to file corruption charges against the Sharif Family made the investors jittery, he said.


Watch your favorite programs, documentaries, informative packages and latest NEWS(English and Urdu).

Watch Humsub tv Live Streaming here:

Read Latest Articles and News here: humsub

About Us
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.



Leave a Reply