As the country battles to escape through tumultuous political and economical period, the Pakistan Stock Exchange continues to bear the brunt of the mistimed and ill-informed decisions of the country’s civilian leadership.
Amidst the news of the dissolution of the Khyber Pakhtunkhwa and the Punjab Assembly by former prime minister and Pakistan Tehreek-e-Insaf chief Imran Khan, the PSX’s benchmark KSE-100 index has lost 387 points, down by 0.94 per cent.
The economic experts have attributed political instability and poor trader confidence in the market to the disastrous performance of the PSX. Rumours are rife that Pakistan cannot afford the dissolution of two of the major provincial assemblies, otherwise the country could default making the situation much worse.
