Karachi: Pakistan Stock Exchange observed a major blow as KSE 100 Index lost 1,000 points in a single day.
KSE 100 Index has seen a decline of 1000 points on Monday. According to sources, Pakistan Stock Exchange observed a significant decline due to the Avenfield verdict against Nawaz Sharif and family.
The stock market opened at 40,284 points and at 1pm the KSE 100 Index fell to 39,142 points with a 1,137 points decline. In addition, investors sold more than 30 million shares. The arrest of Hussain Lawai and money laundering investigation against few banks presidents also affected the market.
A stock market investor revealed that the market would see the rise of local investors after Nawaz Sharif’s return to Pakistan. He further added that currently there is a lot of uncertainty among investors.