Pakistan Stock Exchange (PSX), which had won the title of Asia’s best performing stock market in August 2020, took a U-turn and became the third worst performing market in the region. Amid the boiling political temperature and melting economy, investors witnessed the wipeout of 16.27% (or Rs1.35 trillion) of investment at the PSX. The petroleum refinery was the worst-hit sector in terms of losing market capitalisation.
The Pakistan Stock Exchange (PSX) has appointed Dr. Shamshad Akhtar, a former caretaker Finance Minister of Pakistan, as its first female chair. A development economist and former central bank governor — also the first woman to assume this position — Akhtar previously served at the Asian Development Bank. In 2008, The Wall Street Journal named her one of the top ten women leaders in Asia.
The Pakistan Stock Exchange (PSX) has been declared Asia’s best-performing market by New York-based global markets research firm, marketcurrentswealthnet.com. In its report published Tuesday, the firm also declared the PSX the world’s fourth best-performing market, a development local economists view as a signal that the country’s otherwise contracting economy is recovering.
Security forces killed four terrorists who attempted to storm the Pakistan Stock Exchange compound in Karachi in a gun and grenade attack on Monday morning. One sub-inspector and two security guards were martyred in the attack. Seven people, including three police officials, have also been injured. The attack has been attributed to the Balochistan Liberation Army outfit.