*KARACHI: The Pakistan Stock Exchange (PSX) on Monday shed 685 pointsduring the early hours of trading as political uncertainty looms followingPTI’s landslide victory in Punjab by-polls. *
The KSE-100 index lost 685 points, declining below the 4200 mark to tradeat 41,389.
Other than the PSX, the forex market also witnessed the impact of politicaluncertainty after the US dollar reached a record highlinkagainstthe rupee in the interbank.
According to forex dealers, the dollar gained value by Rs3.79 against therupee in the interbank and traded at Rs214.74. In the open market, thegreenback traded between Rs215 and Rs216.
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It is pertinent to mention here that Pakistan Tehreek-e-Insaf (PTI) hasemerged victoriouslinkinthe majority of the seats in the crucial by-polls on the 20 Punjab Assemblyseats.
