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Pakistan's Sharif probe keeps investors wary ahead of verdict

Prolonged market slump expected amid political uncertainty

A trader observes the day's stock performance at the Pakistan Stock Exchange.

KARACHI -- Investors in Pakistan are nervously awaiting a Supreme Court ruling on Friday that will decide the fate of Prime Minister Nawaz Sharif. Depending on the verdict in a corruption case related to his family's wealth, the prime minister could be disqualified from holding office.

The Pakistan Stock Exchange, which emerged as Asia's best-performing market in 2016, has become one of the world's worst performers amid the political uncertainty. Many worry the slump will continue regardless of the court's decision, which is expected before noon local time.

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