Pakistan Stock Exchange Slumps Amidst Uncertainty over Election Results
The Pakistan Stock Exchange witnessed a significant decline on Friday, with the benchmark KSE-100 Index plummeting by 1,700 points. The sudden drop comes as confusion prevails over the results of the general elections in Pakistan. The delay in announcing the election results has led to an uncertain situation, causing investors to opt for selling rather than buying. The surprising outcome of the elections showed disqualified and jailed ex-Prime Minister Khan’s Pakistan Tehreek-e-Insaf (PTI) party supported independent candidates leading the show.
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