PSX-100 Index surges following Panama Case verdict

April 20, 2017
By: Samaa Web Desk
Published in Economy

PSX

KARACHI: Pakistan Stock Exchange’s trading rose over 1900 points as the Supreme Court of Pakistan announced the verdict of the Panama Case against the members of the Sharif family, Samaa reported.

Investors and businessmen welcome the court’s verdict of forming a joint investigation team to probe the allegations against the Sharif family.

The PSX-100 Index was at between 47000 to 49000 points for several days but the market jumped by 1900 points as the verdict was announced.

A five percent gain was recorded after the judgment was announced by the Supreme Court.

It should be noted that Supreme Court of Pakistan has ordered Prime Minister Nawaz Sharif to appear before a joint investigation team which will be formed to probe the Panama Papers scandal.

Officials from the Inter Services Intelligence (ISI), Military Intelligence (MI), State Bank of Pakistan (SBP), National Accountability Bureau (NAB) along with other state institutions.


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Story first published: 20th April 2017

 
 

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