PSX 100-index falls by 1,400 points amid political uncertainty

ISLAMABAD (PEN) : Pakistan Stock Exchange lost the physiological barrier of 62,000 points as the PSX 100 index shed 1,400 points in the trading session and the benchmark reached 61529 points.

The Pakistan Stock Exchange is in the grip of recession again amid political uncertainty as investors are cautious after seeing the formation of a mixed government.

Experts said that the negative impact on the stock market was due to the non-approval of the circular debt plan from the IMF.

The KSE-100, under pressure over the shocking results in the elections that took at least three days to be finalized by the ECP also invited criticism over their transparency by international bodies. The KSE 100 index was down over 1,300 points after a fall of 1,200 on Friday – the day after the election.