KARACHI: The Pakistan Stock Exchange (PSX) continued to be under pressure as the index continued to fall in the wake of escalating political commotion.
Investor trust in the exchange was damaged by the ambiguity surrounding the former prime minister Imran Khan’s hearing in a contempt of court case. Investor interest was also lowered by the rupee’s continued decline versus the US dollar, which reached a record low.The benchmark KSE-100 index decreased by 37.63 points or 0.09% to settle at 40,927.95 points.
According to a report from Arif Habib Limited, the PSX had a bad session because of the political clamour that was in the air.The benchmark KSE-100 index fell, continuing the previous session’s pattern, despite value buying during the final hour of trade.On the main board, volumes kept growing, but substantial volumes were seen in the third-tier stocks.
