‘Senate-polls’: KSE-100 index falls by over 1,000 points amid political uncertainty
Karachi: The Pakistan Stock Exchange (PSX) benchmark KSE-100 Index fall by over 1,000 points in the opening session on Thursday due to political uncertainty.
As per details, the index dropped by 1,073.15 points to 45,087.73 points.
The development came after the former Prime Minister, Yusuf Raza Gilani sealed victory against Finance Minister, Dr. Abdul Hafeez Shaikh at the Senate election.
Earlier this week, the Pakistan Stock Exchange set a new record by trading one billion shares for the first time in 16 years.
During trading session, the 100 Index remained in the band of 925 points. In the market on March 1, Rs360 million shares were traded worth more than Rs18 billion. The market capitalization during the day came down by Rs43 billion to Rs. 8,163 billion.
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