Pakistan Stock Exchange’s benchmark KSE-100 index plunges by 1,700 points as election confusion lingers
The Pakistan Stock Exchange experienced a sharp downturn on Friday as uncertainty surrounding the results of the general elections took its toll on investor confidence. The benchmark KSE-100 index fell by 1,700 points, reflecting investors’ apprehension towards the prevailing political situation in the country. The delayed announcement of election results, coupled with the unexpected success of disqualified ex-Prime Minister Khan’s Pakistan Tehreek-e-Insaf (PTI) party-supported independent candidates, has left the financial market in a state of disarray.
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