Tuesday, May 30, 2017

Pakistan stock market shoots up as SC rules on Panama Leaks case

KARACHI (Monitoring Desk): The KSE-100 Index is trading up 3.98% (1,894 points) at 49,498 points on Thursday, as of 2:21 PM local time moments before the much-anticipated verdict on the Panama Leaks case by the Supreme Court.

The stock market performance is a barometer of investor confidence in the economy and will be a key indicator today given that the Supreme Court is set to announce its ruling at 2 PM on the Panama Papers revelation that the prime minister's children owned offshore companies dealing in millions of dollars in property transactions.

Speaking to Geo.tv, one of the traders present at the Pakistan Stock Exchange (PSX) commented that he is expecting volatility in the trading today. On the other hand, another said, “If the decision is not favour of the PM [Nawaz Sharif], the market is anticipated to take a hit.”

The PSX added 729 points by Wednesday's closing bell, ending the day at 47,603 points, despite having commenced with a significant 800-point dip. Against its day's low, the benchmark index gained 1,600 points, marking the longest stretch in a day.

Many had expected a knee-jerk reaction due to the Panama case development, with some even taking positions to gain from the low share prices anticipated after the drop.

The Panama case-related fears have kept investors cautious for a few days now; once this matter is settled, it would bring clarity to the market. According to Zeeshan Afzal of Insight Securities, even though the market offers healthy returns and Pakistan officially regaining its MSCI Emerging Market status in May would trigger a rally, a financing product is needed.

Upon asking a small investor of the Panama decision's impact, which is scheduled later today, it was understood that it would be positive for the country and the market.

The Panama papers case has drawn widespread media attention over the past year. In its decision today, the apex court could take a range of steps. It could clear the prime minister, or order a further judicial commission of inquiry or even declare him ineligible to hold office, as it did in 2012 with then-Prime Minister Yousuf Raza Gilani over a contempt of court case.

Comments

RoberRoyali (not verified) - Mon, 05/22/2017 - 07:36

Cialis Rembourse Par La Mutuelle [url=http://kama1.xyz/buy-kamagra-oral-jelly.php]Buy Kamagra Oral Jelly[/url] Birth Control Shipping Cialis Comprare Online [url=http://cial5mg.xyz/buy-cheap-cialis-on-line.php]Buy Cheap Cialis On Line[/url] Amoxil Clavula Side Effects Cialis 5 Mg Online Italia [url=http://cial5mg.xyz/cialis-price.php]Cialis Price[/url] Viagra Y El Embarazo Amoxicillin Osage For 7 Month Old [url=http://viag1.xyz/cheap-cheap-viagra.php]Cheap Cheap Viagra[/url] Where Can I Get Digoxin Propecia Hormones Male Pattern Baldness [url=http://zol1.xyz/order-zoloft.php]Order Zoloft[/url] Propecia Help Baldness Zithromax Free Antibiotics [url=http://cial5mg.xyz/cheap-cialis-online.php]Cheap Cialis Online[/url] Beschreibung Levitra Acheter Baclofen 10mg [url=http://viag1.xyz/cheap-viagra-50mg.php]Cheap Viagra 50mg[/url] Cvs Viagra 100mg Price 380 Propecia Male Fertility Hormone [url=http://prednisone.ccrpdc.com/buy-cheap-deltasone-site.php]Buy Cheap Deltasone Site[/url] Viagra Purchase Without Perscription Online Cialis Pharmacy [url=http://cial5mg.xyz/tadalafil.php]?Tadalafil[/url] Propecia Generico Marca Pimozide [url=http://viag1.xyz/viagra-cost.php]Viagra Cost[/url] Medrol Amoxicillin And Alchole [url=http://kama1.xyz/kamagra-online-pharmacy.php]Kamagra Online Pharmacy[/url] Comprar Cialis Generico Linea Generic Aricept No Prescription [url=http://kama1.xyz/how-to-buy-kamagra.php]How To Buy Kamagra[/url] Generic Viagra Soft Tabs Buy Diflucan Online [url=http://cial1.xyz/cheap-cialis-generic.php]Cheap Cialis Generic[/url] Cost Of Propecia Ireland Viagra Posologie Vidal [url=http://cial1.xyz/female-cialis.php]Female Cialis[/url] Propecia Aerosol Drugs Similar To Cephalexin [url=http://viag1.xyz/price-of-viagra.php]Price Of Viagra[/url] Can Amoxicillin Be Used For Acne Amoxicillin Antibiotic Inhibition Zones [url=http://cial1.xyz/can-i-buy-cialis-online.php]Can I Buy Cialis Online[/url] Dapoxetina Scheda Tecnica Propecia Side Effects Temporary [url=http://zol1.xyz/cheap-zoloft.php]Cheap Zoloft[/url] Cialis Rezeptfrei Bestellen Online Canadian Viagra Paypal [url=http://propecia.ccrpdc.com/generic-for-propecia.php]Generic For Propecia[/url] Levitra Orodispersibile Prezzo Online Accutane Forum [url=http://zol1.xyz/buy-implicane-online.php]Buy Implicane Online[/url] Propecia Reversible How Do I Receive Free Viagra Trials [url=http://kama1.xyz/online-generic-kamagra.php]Online Generic Kamagra[/url] Viagra Battute Propecia Online Pharmacy Canada [url=http://cial1.xyz/purchase-cialis.php]Purchase Cialis[/url] Acheter Du Cialis Pas Cher Cialis Son Dosage [url=http://cial5mg.xyz/generic-cialis-usa.php]Generic Cialis Usa[/url] Beta Lactam Amoxicillin Side Effects

Chasideday (not verified) - Sat, 05/27/2017 - 18:02

Keflex Uses [url=http://zol1.xyz/low-cost-zoloft-online.php]Low Cost Zoloft Online[/url] Black Market Predisone Viagra Vs [url=http://amox1.xyz/buying-amoxil-online.php]Buying Amoxil Online[/url] Buy Lotrisone Finasteride Uk Side Effects Of Propecia [url=http://buycheapdapoxonline.xyz/buy-priligy-usa.php]Buy Priligy Usa[/url] Comprare Cialis Germania Find Acticin Website Pharmacy No Physician Approval [url=http://prope1.xyz/natural-propecia.php]Natural Propecia[/url] Cephalexin For Penicillin Allergic Patients Clobetasol With Overnight Delivery [url=http://propeus.xyz/where-to-buy-propecia.php]Where To Buy Propecia[/url] Viagra 100 Mg Keine Wirkung Canada Drug Amex [url=http://las1.xyz/cheap-lasix-pill.php]Cheap Lasix Pill[/url] Kamagra Forum Viagra Samples For Sale [url=http://deltas.xyz/prednisone-online-order.php]Prednisone Online Order[/url] Comprar Priligy Generico En Espana Viagra Generico En Farmacia [url=http://amoxi.xyz/buy-amoxil-online-nopw.php]Buy Amoxil Online Nopw[/url] Cephalexin For Dental Viagra Sales Canada [url=http://buylevi.xyz/buy-levitra-20mg-usa.php]Buy Levitra 20mg Usa[/url] Buy Tadalista Online Propecia Experience Hair Transplant [url=http://antabusa.xyz]Buy Antabuse[/url] Healtyman Viagra Buy Prescriptions Online Review [url=http://antab1.xyz/disulfiram-online.php]Disulfiram Online[/url] Levitra Buy Us How To Purchase Accutane [url=http://buynolva.xyz/buy-nolvadex-online-no-prescription.php]Buy Nolvadex Online No Prescription[/url] Xl Pharmacy Vip Transactions Progesterone Online Best Website Truro [url=http://prope1.xyz/acheter-propecia.php]Acheter Propecia[/url] Se Puede Comprar Viagra En La Farmacia 100mg Sertraline No Rx [url=http://buystrat.xyz/strattera-price.php]Strattera Price[/url] Warfarin Quesque Le Viagra [url=http://cyto1.xyz/buy-cheap-cytotec-pills.php]Buy Cheap Cytotec Pills[/url] Amoxicilina Tablet Low Price Fred are you suggesting that only people who vote Democrat could possibly care about businesses not abusing customers Im not sure how thats a partisan thing rather than basic common sense. [url=http://fastmoneyfor.com]payday loans[/url] Plus we handle all decisionmaking and processing locally.Strep Throat Dosage Amoxicillin [url=http://antabusa.xyz/antabuse-online-usa.php]Antabuse Online Usa[/url] Priligy Precio En Farmacia

Add new comment

6 + 6 =