The KSE-100 Index reversed the losses it incurred during early trading hours on Wednesday when it fell a massive 822 points to 46,052 points; by 3:30 PM the market had was trading up by 778 points (1.66%) at 47,652 points.
The investors’ cautious sentiment stems from the uncertain political environment, with the Supreme Court of Pakistan geared to disclose the much-anticipated ruling on the Panama Leaks case on April 20, 2017. The Index has been in the red pastures over the past few days, though a small gain was experienced on Tuesday.
More than 120.86 million shares have exchanged hands by now in transactions worth Rs. 10.35 billion.
This negative mood, which has been observed since the past four trading days, is expected to stay throughout the week ending April 21, 2017.
