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Your email address will not be published.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

Pakistani rupee continues its downslide

Karachi: The declining trend of rupee continued on Wednesday as the currency…

Significant surge in GB tourism

More than 700,000 local and foreign tourists visited Gilgit Baltistan during this…

Pakistan, KSA to cooperate in trade, energy

On August 15, Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad…

Govt lifts ban on import of luxury items

On August 18, Finance Minister Miftah Ismail announced that the government was…