KSE-100 Index Plummets 1,000 Points, PSX in the Red Once Again – Business

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The Pakistan Stock Exchange (PSX) experienced another day of losses on Tuesday, as the benchmark KSE-100 index dropped 1,000 points shortly after trading began. According to the PSX website, the index was down 1.84 per cent, or 1121.24 points, standing at 59,944.07 points from the previous day’s close of 61,065.31. This marked the third consecutive session in which the market plunged more than 1,000 points. The recent political instability following the general elections has contributed to the downward trajectory of the market, leading to panic selling and a lack of investor confidence. Experts believe that a concrete decision and plan from the new government can help the market recover. Additionally, reports that the IMF did not agree with the government’s circular debt reduction plan led to further declines in the market, particularly for Oil and Gas Development Company Ltd (OGDC) and Pakistan Petroleum Ltd (PPL).

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