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JIT report: PSX crashes till midday after shedding record 2088pts

JIT report: PSX crashes till midday after shedding record 2088pts

KARACHI: Pakistan Stocks Exchanged (PSX) Tuesday crashed till midday after shedding record 2088.24 points level to drop to 44185.57 points level on political uncertainty in the country as JIT recommended NAB to file reference against Sharif family.

Earlier, the stocks opened bearish as the benchmark 100-index dropped 1305 points in early trading to reach 44969 points level.

On Monday, the PSX bounced back on first trading day as the buyers catapulted the index up 1,052 points or 2.3 percent. Top 10 Index point leaders were LUCK (+3.8pc), ENGRO (+3.6pc), PPL (+4.2pc), MCB (+3.4pc), HBL (+1.7pc), HUBC (+2.5pc), SNGP (+5pc), DGKC (+3.8pc), PSO (+3.6pc) and NML (+4.6pc) adding 502 points, while only 7 KSE-100 index scripts closed in the red.

JIT brought all the boys to the yard; volumes shot 78 percent to 235.3 million shares, while traded value soared 84 percent to Rs12.8 billion. The BOP was the volume leader with 21m shares of the commercial bank changed hands.