Today, the Pakistan stock exchange (PSX) went deep into the red zone as the benchmark sheds 1,679 points. The main reason for this shortfall was the aggressive selling in the later hours of the day that dragged down the index by 3.60% to touch 44,914 points at the end of the day. The benchmark witnesses the record high during trade at 46,777 points that too within the first 30 minutes of the days start. Later it failed to carry forward the uptrend and witnesses the downward trajectory and touched down the day's lowest index at 44,823 points during the trade.
Now here comes the reason of this sudden bloodbath!
Stocks fell across the board on political outraged as the Supreme Court directed the Panama paper's JOINT INVESTIGATION TEAM (JIT) to complete its probe!