The KSE100 skidded 1855pts (-3.75pc) to close at 47672, 135pts below its open for 2017, on the JIT summons received by the PM . Just before the Supreme Court announced its verdict the market hit a minimum close of 46874 and a low of 46050. JIT jitters have hit the market hard as has feeble interest in PSX book building.
Major stocks hit lower locks. EENGRO, ISL, SNGP, DGKC, NML, ATRL, PSO, ICI, OGDC, PAEL, FCCL, MLCF, EFERT, HUBC, SSGC close almost 5pc down.
Given political uncertainty, further weakness cannot be ruled out. However we would like to highlight the possibility of support at lower levels by foreign funds. Last weeks net inflow was USD14mln.
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