KARACHI – Pakistan Stock Exchange nosedived in the last session of week, with the benchmark KSE-100 index shedding more than 1,000 points as uncertainty looms large in post elections crisis.
On Friday, the KSE-100 index opened around 60,000 level and steadily lost 1225 points in intraday trading by 4pm.
When trading ended, it plunged further, cumulatively over 1,000 points, closing at 60,035 points.
Experts believe political uncertainty in aftermath of Elections 2024 badly hurt sentiment at the Pakistan Stock Exchange.
Earlier this week, political crisis dented sentiment as the benchmark KSE-100 saw back-to-back drop.
PSX remains under pressure for a week in the wake of accusations about rigging causing uncertainty. Furthermore, there are no chances for the formation of a coalition government with political parties currently discussing.
