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The Pakistan Stock Exchange’s (PSX) KSE-100 index plunged 1,700 points in early morning trade on Friday as the results of the general elections continued to trickle in.
According to the PSX website, the benchmark index plunged by 2,278 points shortly after trading began.
The index then recovered slightly, losing 1720.27 points, or 2.68 per cent, to stand at 62,423.60 points from the previous close of 64,143.87 by 9:30am.
Topline Securities Ltd CEO Mohammed Sohail said that based on pre-election surveys, the market was expecting a PML-N led coalition government.
“But based on initial unofficial results, this looks difficult,” he noted.
More to follow
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