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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Asim Bajwa steps down as CM of CPEC authority

Lt Gen (retd) Asim Saleem Bajwa resigned as chairman of the China-Pakistan…

Attack on Israel boosts appeal of gold

The violence in Israel that erupted this weekend is prompting a move…

Saudi Aramco inks billion dollars deal with China oil refinery

Saudi Aramco signed an agreement with Chinese partners on Sunday for an…

SBP foreign reserves decline

Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell…