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.
