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
ISPR rejects cancellation of helicopter deal
On Friday, the Pakistani army rejected some media reports that Pakistan had…
- Alina Hashmi
- January 7, 2022
PSX loses 180 points
Karachi: On Monday, the Pakistan Stock Exchange (PSX), KSE100 has lost more…
- Alina Hashmi
- November 8, 2021
Emirates to start Dubai-Tel Aviv daily flights
Dubai: It emerged on Thursday that Emirates will be starting daily flights…
- Alina Hashmi
- November 4, 2021
Oil gains as OPEC+ look to cut supply
Washington: On October 5, U.S. stocks retreated after strong gains as OPEC+…
- Alina Hashmi
- October 5, 2022