Following an early morning spike, shares at the Pakistan Stock Exchange (PSX) saw a sharp decline on Tuesday, falling more than 3,500 points. One major reason for the market’s volatility, according to analysts, is the continuous political unrest.
According to a statement from Topline Securities, “political noise from a political party’s march towards capital has caused the market to drop by 3506 points.”
Shortly after the market opened, the KSE-100 benchmark index jumped 1,431.29 points, or 1.46%, to reach 99,511.07 points, up from the previous close of 98,079.78 points at 11:14am.
However, the increasing trend was brief. The index fell 3,505.62 points by the end of the trading session, ending at 94,574.16 points.
