Pakistan stock exchange crashed following political turmoil

Pakistan stock exchange crashed following political turmoil

Feeling the heat of the political uncertainty and turmoil in the country,the Pakistan Stock Exchange (PSX) benchmark KSE 100-index fell below 45,000points and reached 44,312 of 1.86 percent.

The day range is 44,051 to 45,153 while this week the benchmark KSE-100could reach upto 48,981.

The benchmark KSE-100 Index gained 1,601 points (+3.7 percent) last week tosettle at 45,152.11 points, as investors cheered the decline ininternational oil and coal prices, which fuelled a rally at the bourse.

The stock market hates uncertainty. And uncertainty has headlined Pakistanfor quite some time.

The last day of the month took the 100-index up by 591 points of 1.33percent – the highest daily increase in 2022 so far.