• Download the Constitution of Pakistan
  • Advertise
Saturday, May 10, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

KSE-100 index plunges over 2,000 points as uncertainty surrounds election results

by News Publishing
February 9, 2024
in Business, Economy, Main
Reading Time: 1 min read
0
KSE-100 index plunges over 2,000 points as uncertainty surrounds election results
Share on FacebookShare on TwitterLinkedinWhatsapp

The Pakistan Stock Exchange (PSX) began the day on a negative note as the benchmark KSE-100 index plummeted over 2,000 points on Friday amidst uncertainty surrounding the results of the 2024 elections.

During intraday trading, the KSE-100 shares index, the cornerstone of the country’s capital market, dipped below the 62,000 mark, shedding 2,145.53 points or 3.34%.

Capital market expert Muhammad Sohail attributed the 3% decline in the index to the “unexpected” outcomes of the elections.

Just a day before the general elections in Pakistan, stocks had closed on a higher note, driven by a pre-election rally and optimism regarding a potential upgrade in the country’s credit rating. However, trading volumes remained thin as investors exercised caution.

On Wednesday, the PSX saw an increase of 344.85 points or 0.54%, closing at 64,143.87 points. The day’s highest index reached 64,196.62 points, while the lowest level was recorded at 63,927.29 points.

S&P Global Ratings is expected to reassess Pakistan’s sovereign rating post-elections, with reports suggesting a possible upgrade to ‘B’ if the new government demonstrates commitment to fiscal reforms and an International Monetary Fund (IMF) program.

Tags: 2024 electionsElection ResultsKSE-100latestPakistan
News Publishing

News Publishing

Related Posts

Pakistan launches "Operation Bunyan-un-Marsoos" in response to Indian aggression

Pakistan launches “Operation Bunyan-un-Marsoos” in response to Indian aggression

by News Publishing
May 10, 2025
0

Pakistan has launched a decisive and large-scale military response to blatant Indian aggression under Operation Bunyan un Marsoos ("Iron Wall"),...

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

IMF and PAK

IMF to Approve $2.3B for Pakistan Amid Mixed Fiscal Outlook

by Anum Arif
May 8, 2025
0

Washington, 08 May 2025 — The International Monetary Fund (IMF) Executive Board is set to convene tomorrow in Washington, where...

PSX crash

PSX Crashes Over 6,500 Points Amid India-Pakistan Tensions

by Anum Arif
May 8, 2025
0

Karachi, 08 May 2025 — The Pakistan Stock Exchange (PSX) experienced one of its darkest days on Wednesday, suffering the...

Reduction in Power

CPPA-G Forecasts Power Price Drop for FY 2025-26

by Anum Arif
May 8, 2025
0

Islamabad, 08 May 2025 — The Central Power Purchasing Agency-Guaranteed (CPPA-G) has projected a reduction in the Power Purchase Price...

Pakistan neutralised 12 Indian drones sent in multiple locations since last night: DG ISPR

Pakistan neutralised 12 Indian drones sent in multiple locations since last night: DG ISPR

by News Publishing
May 8, 2025
0

Director General of Inter-Services Public Relations (DG ISPR), Lieutenant General Ahmed Sharif Chaudhry, confirmed on Tuesday that Pakistan’s armed forces...

Next Post
2024 General Election Results: Independents dominate polls as results trickle in following hours-long delay

2024 General Election Results: Independents dominate polls as results trickle in following hours-long delay

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters