Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 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 *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Pakistan Salary Increase 2025

Pakistan Announces 10% Federal Salary Hike, 30% DRA in 2025 Budget

Pakpattan Infant Deaths

Maryam Nawaz Orders Arrests Over Pakpattan Hospital Infant Deaths

Salman Khan Battle of Galwan

Salman Khan Unveils Intense Battle of Galwan First Look

Post Archives

More Popular from Photonews

Megyn Kelly Jabs at Sydney Sweeney
Entertainment

Megyn Kelly Claims Sydney Sweeney’s Invite to Bezos’ Wedding Was All About Her Breasts

3 Min Read
Lana Del Rey Wembley
Entertainment

Lana Del Rey to Perform at Wembley Stadium with Addison Rae

2 Min Read
Pakistan vs India Asia Cup 2025
Sports

Pakistan vs India Asia Cup 2025 Clash Set for September 7 in Dubai

3 Min Read
Tech

Microsoft Announces 9,000 Layoffs, Impacting Less Than 4% of Workforce

Microsoft announced plans to lay off 9,000 employees, representing less than 4% of its global workforce,…

July 2, 2025
Pakistan

Pakistan Monsoon 2025: Karachi Braces for More Rains Amid Flood Alerts

The Pakistan Monsoon 2025 has brought relief from intense heat to Karachi but also tragedy, with…

June 29, 2025
Tech

Facebook Requests Camera Roll Access for AI-Powered Story Suggestions in 2025

On June 30, 2025, reports surfaced that Facebook is prompting users to share private camera roll…

June 30, 2025
BusinessTop News

Trump Announces US-Vietnam Trade Deal with 20% Tariff

On July 2, 2025, President Donald Trump announced a trade deal with Vietnam, imposing a 20%…

July 3, 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?