The Pakistan Stock Exchange (PSX) dropped 387.65 points on Monday due to political instability and following the PTI’s chairman Imran Khan’s announcement to dissolve the Punjab and Khyber Pakhtunkhwa assemblies on December 23.
Before the market closed at 15:30, the benchmark KSE-100 index reached 40,913.83 points, representing a 0.94 percent decrease.
Many analysts and stock investors were concerned about the outcome of the government’s discussions with the IMF on the ninth review; a worldwide stock sell-off and an increase in Pakistan dollar bond yields contributed to bearish activity on the KSE-100.
