Pakistan stock exchange crashed following political turmoil
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Feeling the heat of the political uncertainty and turmoil in the country, the Pakistan Stock Exchange (PSX) benchmark KSE 100-index fell below 45,000 points and reached 44,312 of 1.86 percent.
The day range is 44,051 to 45,153 while this week the benchmark KSE-100 could reach upto 48,981.
The benchmark KSE-100 Index gained 1,601 points (+3.7 percent) last week to settle at 45,152.11 points, as investors cheered the decline in international oil and coal prices, which fuelled a rally at the bourse.
The stock market hates uncertainty. And uncertainty has headlined Pakistan for quite some time.
The last day of the month took the 100-index up by 591 points of 1.33 percent – the highest daily increase in 2022 so far.
