Tis is the noise of the day. over 4% drop of PSE 30 and our PAK.

KARACHI: Prevailing political situation in the country over Panama Papers probe into Sharif Family’s business affairs cost the investors billions of rupees on Monday as the benchmark KSE-100 Index shed 1900 points in intraday trading.

The industry experts were of the view that the Panama proceedings over the past week have made the investors cautious.

The Pakistan Stock Exchange (PSX) benchmark KSE-100 shares shed 4.08 percent or 1899.88 points to close at 44665.41 points. KSE-30 shares index shed 4.49 percent or 1088.32 points to close at 23162.52 points. As many as 361 scrips were active of which 27 advanced, 321 declined and 13 remained unchanged.