KARACHI: The Pakistan Stock Exchange (PSX) endured another volatile session on Thursday, as investors were observed weighing the impact of ongoing political uncertainty and deteriorating macroeconomic indicators after a brief pause.
Pushed by these factors, the market players opted to offload their stockholdings at attractive valuations and the KSE-100 index lost over 300 points.
Fresh devaluation of the rupee against the US dollar, as it dropped another Re1 on a day-on-day basis in the interbank market, dented the confidence of market participants.
Moreover, uncertainty about the International Monetary Fund's (IMF) Executive Board meeting scheduled to be held on August 29 to resume the programme haunted the trading environment at the bourse.