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KSE-100 index sinks by over 1,000 points amid uncertainty over govt formation

The uncertainty has triggered a massive sell-off, with the benchmark KSE-100 index losing 3% at its lowest point.

KSE-100 index on Monday sank by over 1,000 points amid uncertainty over the new government formation.

The Pakistan Stock Exchange (PSX) witnessed a steep decline during the early morning trading session.

As reported, the benchmark index decreased by 1,103.90 points or 1.75% to trade at 61.839.84 points, down from the previous close of 62,943 points.

On Friday, the PSX plummeted over 2,000 points initially due to the uncertain outcome of the general elections held on February 8.

However, the market managed to recoup some losses at the end of the day, closing 1.87% lower at 62,943 points.

The uncertainty amid the formation of the new government following the Feb 8 general elections has triggered a massive sell-off, with the benchmark KSE-100 index losing 3% at its lowest point.

Saman Siddiqui

Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.

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