Karachi: Pakistan stocks on Tuesday plunged to a 30-month low as the country’s extremely riotous political situation freaked economy-wary investors. The KSE-100 Shares Index, the benchmark of the country’s capital market, lost 1,378.54 points, or about 3.47%, to close at 38,342.21 points. The delay in the revival of the International Monetary Fund’s (IMF) loan program and the ongoing political uncertainty in the country caused the bloodbath in the stock market.
You May Also Like
Crypto currency: Court issues notice to SBP and FIA
The SBP, SECP, and the Federal Investigation Agency have all received notices…
- Sanniah Hassan
- October 8, 2021
China to develop huge Bolivian lithium deposit
A giant Chinese battery company, Catl, has won a bidding process to…
- Hafsa Mustafa
- January 21, 2023
China to ban offshore trading assistance
Hong Kong: It emerged on Friday that the Chinese regulators are aiming…
- Alina Hashmi
- December 17, 2021
“Pakistan’s troubles justify slump in bond prices”: JPMorgan
On Wednesday, investment bank JPMorgan called the slump in Pakistan’s bonds to…
- Alina Hashmi
- October 19, 2022