Stock market falls by over 1,100 points

KARACHI: Pakistan Stock Exchange (PSX) has dropped over 1,000 points, after posting 257 points gains earlier in the day. The news of former prime minister’s sentencing to 10 years in prison in the cipher case might be the primary contributing factor in the decline of the benchmark KSE-100 index.

The stock market opened at 62,773.72 points and touched the highest of the day around noon at 63,074.50 points. However, soon after the announcement of the verdict by the special court, the market dropped by more than 1,100 points to 61,637.62 points.

Web Desk