Tuesday saw the greatest decline in the history of the Pakistan Stock Exchange (PSX), which was constantly breaking records. It lost an incredible 3,505 points off the benchmark KSE-100 index.
Due to the market’s extreme volatility brought on by a more tense political environment, this historic drop wiped billions of rupees in investor wealth.
Strong buying in shares of the banking sector drove the KSE-100 index’s initial 1,719-point surge, which was a wild start. The index nearly broke its all-time record at its highest point, 99,819 points. The market saw a sharp decline due to panic selling, thus the gains were short-lived.
