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Bears rule PSX as delay in election results sparks uncertainty in Pakistan

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KARACHI – Pakistan Stock Exchange (PSX) registered massive losses in early trading session on Friday as benchmark KSE-100 index plunged by 2,000 points as uncertainty surrounds elections results 2024.

The KSE-100 index dropped to 61,781.76 points after register loss of over 2,000 points due to political uncertainty in the country amid delay in election results.

Experts have also attributed the decline in PSX to the ongoing political uncertainty sparked by the delay in election results.

Unofficial and unconfirmed results for the general elections 2024 have started pouring in with vote counting still underway amid heavy criticism from political parties over delay in the process.

On Feb 8, citizens of Pakistan used their right to vote to elect their representatives to the National Assembly and four provincial assemblies in the delayed election 2024.

The elections were general held in peaceful way while there were sporadic reports of rigging and delay in start of the polling in some areas.

Pakistan Elections Results 2024: Check  latest party-wise position here

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