Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: PSX Plummets Over 3200 Points Due to Political Unrest
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PSX Political Unrest
PhotoNews Pakistan > Business > PSX Plummets Over 3200 Points Due to Political Unrest
Business

PSX Plummets Over 3200 Points Due to Political Unrest

Web Desk
By Web Desk Published November 26, 2024 2 Min Read
Share
People watching the trading volumes at Pakistan Stock Exchange. Photo Credits: Business Recorder
SHARE

Shares at the Pakistan Stock Exchange (PSX) initially gained but ended in the red on Tuesday, plunging over 3,200 points due to political unrest. Early in the trading session, the KSE-100 benchmark had climbed 1,431.29 points, a 1.46% increase, reaching 99,511.07. However, by the close, it had fallen sharply to 94,854.81 points.

Mohammed Sohail, CEO of Topline Securities, linked the downturn to concerns about an opposition protest by PTI in Islamabad.

The political climate remains charged as PTI’s ‘do or die’ protest continues. The capital is under lockdown, and the internet is being disrupted. The government has deployed Rangers and other security forces to thwart the protest.

Volatility and chaos were the themes at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index witnessed the biggest single-day decline, plunging by over 3,500 points on Tuesday with investors viewing Islamabad’s situation as worsening after the Pakistan Army was called… pic.twitter.com/asu4KgwwrX

— Business Recorder (@brecordernews) November 26, 2024

Read: Federal Government Deploys Army in Islamabad to Manage PTI Protest

Yousuf M. Farooq, Director of Research at Chase Securities, also cited political factors as a cause of market volatility.

He noted that the market was initially buoyant due to a notice from the State Bank of Pakistan removing the minimum deposit rate for large depositors, which spurred a rally in the banking sector. Farooq suggested that this policy might lead large depositors to invest directly in T-Bills, PIBs, and Sukuks if banks fail to offer competitive rates.

Pakistan Stock Exchange – Key Statistics pic.twitter.com/421GL1Gw08

— Topline Securities (@toplinesec) November 26, 2024

The PTI protest, intended for November 24, paused as leaders stated they were in no rush to reach the capital. Meanwhile, supporters nationwide faced arrests, baton charges, and tear gas as they tried to join the protest.

TAGGED:FeaturedPakistan Stock Exchange
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

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

Recent Posts

Dead Take 2025 psychological horror

Dead Take: Surgent Studios’ Psychological Horror Game Set for 2025 Release

Ayatollah Ali Khamenei Iran Nuclear Talks

Iran’s Khamenei Rejects US Nuclear Deal, Defends Uranium Enrichment

Adolescence

Adolescence Becomes Netflix’s Second Biggest English TV Series

Malir Jail Karachi Prisoner Escape

Sindh Orders Arrest of Malir Jail Constable in Massive Jailbreak Probe

Punjab solar panel guidelines 2025

Punjab Issues Solar Panel Installation Guidelines Amid Net Metering Cuts

Post Archives

More Popular from Photonews

Harvard visa vetting
Top NewsWorld

U.S. Tightens Visa Vetting for Harvard Visitors Amid Anti-Semitism Concerns

3 Min Read
CDNS profit rates
Pakistan

National Savings Cuts Special Savings Certificate Rates

2 Min Read
Pakistan IMF tax relief 2025
Pakistan

Pakistan and IMF Near Tax Relief Deal for Salaried Class in 2025-26 Budget

3 Min Read
Business

Pakistan’s Budget to Introduce Differential Tax Rates in War on Cash

Sources revealed that Pakistan’s federal government plans to escalate its “war on cash” in the 2025-26…

June 2, 2025
Business

Pakistan Stock Exchange Soars 600+ Points as Bulls Drive KSE-100 Higher

On Thursday, May 29, 2025, the Pakistan Stock Exchange (PSX) experienced a significant bullish surge. The…

May 29, 2025
Entertainment

Hailee Steinfeld and Josh Allen Tie the Knot in Intimate California Wedding

Actress Hailee Steinfeld and Buffalo Bills quarterback Josh Allen exchanged vows in a stunning ceremony in…

June 1, 2025
Tech

Over Half of Top TikTok Mental Health Videos Spread Misinformation, Study Finds

On June 1, 2025, a Guardian investigation revealed that 52% of the 100 most popular TikTok…

June 1, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?