As trading commenced at the Karachi Stock Exchange, shareholders initiated a wave of selling, causing the KSE-100 index to plummet by 2,362 points, marking a decline of 3.7 percent.
KARACHI: (UrduPoint/Pakistan Point News-Feb 9th, 2024) pakistan stock exchange witnessed a significant downturn on Friday, with the KSE-100 index dropping by 2300 points, reflecting the unease among investors due to the uncertain political situation.
As trading commenced at the Karachi Stock Exchange, shareholders initiated a wave of selling, causing the KSE-100 index to plummet by 2,362 points, marking a decline of 3.7 percent.
The prolonged delay in the announcement of election results has significantly dampened investor sentiment, resulting in a notable 3.7 percent decrease in the benchmark index at the Pakistan Stock Exchange.
It is noteworthy that earlier in February, the KSE-100 index had surged by 344 points, reaching 64143 before the elections, and on February 6, the market had witnessed a gain of 796 points.
