The selling pressure followed mounting political crisis and uncertain economic outlook
Published 3 years ago on May 24th 2022, 8:11 pm
By Web Desk
Karachi: The Pakistan Stock Exchange (PSX) plunged to its lowest levels on Tuesday as the benchmark KSE-100 index shed nearly 500 points or 1.15 per cent to close below 42,000- point mark.
The selling pressure followed mounting political crisis and uncertain economic outlook.
A hike in a benchmark interest rate and the delay in the outcome of talks with the International Monetary Fund (IMF) also impacted the investment climate.
The investors were seen closely monitoring developments regarding PTI’s ‘Azadi March’ scheduled to begin tomorrow (May 25).
At close, the benchmark KSE-100 index closed at 41,950.32 after losing 489.93 points or 1.15%.
Flagg (ankle) comes out of Duke win fully healthy
- 4 گھنٹے قبل
Iran qualifies for FIFA WC 2026
- 2 گھنٹے قبل
Cutting red tape is a social justice issue
- 3 گھنٹے قبل
Russia, Ukraine agree on ceasefire in Black Sea
- 18 منٹ قبل
Curfew in South, North Waziristan due to security concerns
- 12 منٹ قبل
Top 25 rankings, play of the week and what to watch
- 4 گھنٹے قبل
The invisible homeless crisis that official statistics miss
- 3 گھنٹے قبل
Two-time heavyweight champ Foreman dies at 76
- 4 گھنٹے قبل
Who will sing PSL 10 anthem?
- ایک گھنٹہ قبل
Ferrari's Shanghai debacle: Explaining Hamilton, Leclerc DQs
- 4 گھنٹے قبل
Pakistan, IMF negotiations successful, staff-level agreement reached
- 2 گھنٹے قبل
A longtime target of the right is finally buckling under Trump pressure
- 3 گھنٹے قبل
You May Like
Trending
