PSX down over 1000 points amid political instability

The Pakistan Stock Exchange (PSX) witnessed a steep decline during the early morning trading as the benchmark KSE-100 fell by over 1,000 points on Monday.

The down wards trajectory continues in Pakistan market as uncertainty surrounds the formation of a new government.

The benchmark index decreased by 1,103.90 points or 1.75% to trade at 61.839.84 points, down from the previous close of 62,943 points.

The KSE-100 index plunged over 2,000 points initially due to the uncertain outcome of the general elections on Friday – the next day after polls.

However, the market managed to recoup some losses by the day’s end, closing 1.87% lower at 62,943 points.