Elections 2024: KSE-100 index plunges over 2,000 points

The Pakistan Stock Exchange’s benchmark KSE-100 index plunged over 2,000 points in early morning trade as uncertainty surrounds after election 2024.

According to the PSX website, the index plunged by 2,278 points shortly after trading began.

The KSE-100 shares index, the benchmark of the country’s capital market, fell below the 62,000 mark by losing 2,145.53 points or 3.34% during the intraday trading.

Muhammad Sohail, a Capital market expert, said that the index fell by 3% due to the “unexpected” results of the elections.

“But based on initial unofficial results, this looks difficult,” he noted.

The stocks, a day before the general elections in Pakistan, closed on a higher note, as PSX gained 344.85 points or 0.54% to close at 64,143.87 points on Wednesday.