On Monday, the Pakistan Stock Exchange (PSX) exhibited a bearish trend, with the KSE-100 index plummeting by over 1,500 points.
The market initially showed a decline, as evidenced by the benchmark index dropping 771.87 points by 9:45 a.m. to 79,346.02 points.
By the close of the day, the index had further decreased, settling at 78,539.18 points. This represents a decline of 1,578.71 points from its previous close at 80,117.89 on Friday.
Market experts have linked this downturn to escalating political uncertainty. Specifically, they noted concerns about the ruling coalition’s potential ban on an opposition party. Moreover, the day saw significant police activity, with the arrest of PTI Chairman Barrister Gohar Ali Khan and Information Secretary Raoof Hassan during a raid on the party’s secretariat.
The Islamabad police reported that this operation was based on solid evidence indicating that the PTI Secretariat had become a centre for an international disinformation network operating through its digital media centre. The raid followed tips from an international social media activist affiliated with PTI.
