KSE falls by 1,300 points as political crisis continues

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KARACHI: Currently standing at 28,062.35 points, the Karachi Stock Exchange benchmark 100-share index fell by more than 1,300 points (4.49%) on Monday as the country’s political situation took center-stage and shook investor confidence.

Investors’ worst fears were realised after the government failed to make any headway with Pakistan Tehreek-e-Insaf (PTI) regarding the issue of electoral reforms, prompting PTI Chairperson Imran Khan to go ahead with his planned march in the capital on August 14.

Tensions have escalated throughout the week as it appeared that the PML-N government was in panic mode and taking unprecedented measures to prevent the march. Things came to a head when the PTI leadership announced that they would no longer negotiate and called for early elections to replace the government elected last year. The development has shook investor confidence resulting in a negative impact on the stock exchange.

Last week, the KSE-100 index fell by 933 points (3.1%) to close at 29,380 points

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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