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Musharraf case judgment left Pakistan’s stock bearish

Atta Ur Rehman KhanWeb Editor & Columnist

17th Dec, 2019. 07:21 pm
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PSE weekly report 21st March 2020

Former Pakistan President Pervez Musharraf’s death sentence was also seen on the Pakistan stock market.

According to details, the special court’s decision to execute former President General Pervez Musharraf has also been influenced by the Pakistan stock market.

After the verdict against the former president, the stock market 100 index has seen a decline of 459 points.

The market opened at 41,644 on Tuesday and saw an increase of 266 points in the 100 index during the opening hour.`

However, the stock market took a brief break after the decision against the former president. The 100 index rose 123.78 points at the end of trading.

General (r) Musharraf can surely never be a traitor: ISPR

Economists said that Pakistan stock market recorded a strong record during trading, but after a judicial decision in the afternoon, investors were stopped trading and a slight uptick at the end of trading in a booming market.

It should be noted that on the first day of the business week on Monday, the stock market in Pakistan has experienced tremendous growth since its inception. Trading in the stock market started at 40,916 points and in the opening hour, Karachi Stock Exchange (KSE) 100 Index gained 295 points and traded at 41,211 points.

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