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Opening: Stocks lose 188pts ahead of Panamagate verdict

byMatiur Rehman
20/04/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Thursday opened negative ahead of Panamagate verdict as benchmark 100-index shed 188 points to reach 47415 points level in early trading.

On Wednesday, the PSX witnessed the largest-ever intraday point swing and closed at 47,603.48 level, by rallying 729 points or (up 1.56%). Market participants came out guns blazing to ride the volatility as traded value and volume skyrocketed 62% d/d to 266 million shares and Rs15.3 billion.

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