For the second consecutive day, the shares at the Pakistan Stock Exchange (PSX) faced a boorish trend due to the ongoing political turmoil and economic crisis. At 11:46 am, the benchmark KSE-100 Index lost 712.32 points (1.74 per cent) and reached 40,258.5 points.
According to Siddique Dalal, CEO of Dalal Securities, the news of dissolving the Punjab and Khyber Pakhtunkhwa assemblies and political tension has aided in a downward trend in PSX. Zafar Moti, former Director of PSX, endorsed the point of Mr Dalal and said that political uncertainty and rumours of Pakistan going to default are obvious reasons for the slump. Economic experts also said that delay in the ninth review of International Monetary Funds has also shaken the confidence of investors.
