Election result delays take share prices down at Pakistan Stock Exchange

Share prices on Friday fell like nine pins at Pakistan Stock Exchange (PSX) following delays in election results after yesterday’s general elections in the country, reported 24NewsHD TV channel.

The PSX’s benchmark KSE-100 index nosedived by 1,700 points in early morning trade over political uncertainty.

According to the PSX website, the index plunged by 2,278 points shortly after trading began. It then recovered slightly, losing 1,720.27 points, or 2.68 percent, to stand at 62,423.60 points from the previous close of 64,143.87 by 9:30am.