The share prices fell like nine pins at the Pakistan Stock Exchange (PSX) on Friday with stocks plunging by nearly 1,400 points amid political uncertainly following Supreme Court’s ruling in reserved seats case, reported 24NewsHD TV channel.
The benchmark KSE-100 index sank by 1,391.06 points or 1.73 percent to 80,484.80 points amid panic buying in all sectors.
Experts believed the latest political crisis has led to massive profit-taking following major surge in the PSX index this year.
On Thursday, the PSX had surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84% increase from the previous close of 81,156 points showcased a bullish momentum in the market.
Reporter Rana Ayyaz