The action was taken after the APG found Islamabad's performance unsatisfactory on three-fourths of the Financial Action Task Force's (FATF) recommendations, which sparked
panic selling at the Pakistan Stock Exchange.
KARACHI -- Cotton prices moved lower on Monday due to
panic selling by some ginners holding substantial stocks of phutti (seed cotton).
Summary: Mumbai (Maharashtra) [India], July 8 (ANI): Equity indices extended losses with
panic selling across sectors around noon on Monday after the Union Budget for 2019-20 did not announce any measures to boost the auto sector.
Panic selling ensued increase of Dollar in inter-bank market.
Investors resorted to
panic selling, offloading stocks, which pushed the market deep in red.
KARACHI -- The capital market nosedived to a 10- month low as political and economic uncertainty drove investor sentiment, leading to
panic selling, which wiped out Rs272 billion from the market on Monday.
The analyst attributes the stock's fall to "
panic selling and a misguided overreaction." He believes Castle Brands' premium whiskeys are positioned for growth following the procurement of barrel bourbon stock over the last three years.
Financials (-2.58 per cent) weighed down heavily on index performance amid
panic selling in UBL (-4.83 per cent), HBL (-2.49 per cent) and MCB (-2.54 per cent).
In an article last month in Investopedia, commentator Brian Bloch summed it up like this: "There will always be ups and downs, overheated stocks, bubbles, mini-bubbles, industry wide losses,
panic selling in Asia and other unexpected events in the market.
Fears of early rate hikes in the US resulted in
panic selling in global stock markets earlier this week.
'The good news is there was no
panic selling,' Del Castillo said.
Chris Beauchamp, senior market analyst at online stockbroker IG, said: "The frenzy of buying that has been seen across global markets over the past few hours matches the
panic selling we witnessed last week.