PSX sheds over 1,000 points amid political instability

The Pakistan Stock Exchange (PSX) continues its downwards trajectory for the third consecutive day as it loses over 1,300 points on Tuesday.

The decline is reportedly due to uncertain political situation in Pakistan after elections.

The KSE-100 index stood at 59,674.31, losing 1,391 points, or 2.28% during the intraday trading, compared to the previous close of 61,065 points.

The index, in the last three sessions, is down by 4,017 points or 6.2%.

This is the third consecutive session in which the market has plunged more than 1,000 points. On Friday, KSE-100 index had plunged 1,200 points over the delay in announcing the results of general elections, to settle below 63,000.