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Tag Archives: Panamagate verdict

Panamagate verdict propels index by 2,132 points last week

KARACHI: The trading week that ended on Friday saw the KSE-100 index post staggering gains of 2,132 points or 4.5 per cent, which settled the benchmark at 49,709 points. The upsurge in the index represented the highest-ever gain in a single week, after Dec 9, 2016, and included the addition …

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Full-day report: Benchmark index surges nearly 1,000 points day after Panamagate verdict

After a strong resurgence in the immediate aftermath of the Supreme Court’s verdict on the Panamagate case, the Pakistan Stock Exchange saw the bulls rally for another charge on Friday to pull the index to 49,743 — the day’s high — at market close. KSE-100 volumes touched 159.07 million shares, …

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Trade associations see stability after Panamagate verdict

KARACHI: The leaders of major trade associations heaved a sigh of relief at the Supreme Court’s verdict. They said it cleared the clouds of uncertainty that was causing an adverse impact on business activities for the past few weeks. Talking to Dawn, most businessmen sounded happy over the outcome. A …

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Panamagate verdict: PML-N declares ‘victory’, Supreme Court orders JIT probe of Sharif family

Neither a clean chit nor a disqualification: the drawn out Supreme Court (SC) case probing the Sharif family’s alleged corruption in the Panamagate case ended today as the court ordered the formation of a Joint Investigation Team (JIT) to probe how the family’s money was transferred to Qatar. The prime …

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Stocks notch biggest-ever intraday swing on eve of Panamagate verdict

KARACHI: The mood swings of investors at the Pakistan Stock Exchange (PSX) on Wednesday triggered what turned out to be the highest-ever intraday volatility since the inception of the benchmark KSE 100-share index back in the early nineties. With the announcement of the Panamagate case verdict due today, nervous investors …

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Speculation rife as Panamagate verdict set to be revealed on April 20

ISLAMABAD: Fingers are crossed and speculation is rife after the Supreme Court on Tuesday revealed that it would hand down an anxiously awaited verdict in the Panama Papers case tomorrow (Thursday). The judgement will be announced by a five-member larger bench, headed by Justice Asif Saeed Khosa, in the Courtroom …

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Index dips as investors await Panamagate verdict

KARACHI: Stocks continued to bleed on Tuesday with the KSE-100 index sinking deeper by 251 points (0.53 per cent) to close at 46,874. Faisal Shaji, Chief Strategy Officer at Standard Capital, admitted that the delay in the announcement of the Panamagate case verdict was taking its toll on the market. …

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