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Your email address will not be published.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

China hits EU dairy with tariffs, broadening trade conflict

China will impose provisional duties of up to 42.7% on dairy products…

Gold Price jumps more than PKR1,000 per tola

Karachi: Gold in Pakistan jumped by over PKR1,000 per tola as the…

Saudi Aramco secures 40% equity stake in Gas & Oil in Pakistan

Aramco, the leading integrated energy and chemicals company in Saudi Arabia, is…