KARACHI: The intensifying political heat in the country took a toll on the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index dipped over 80 points during a tumultuous session.
Today’s session saw the index trade in a narrow range, selling pressure was evident towards the day’s end, which dragged the market into the negative zone.
Ishaq Dar being sworn in as the finance minister, and subsequent developments played on the minds of investors, who rushed to safeguard their positions.
In addition, fluctuations in global commodity prices, particularly dollar and oil, further dampened market sentiment and restrained it from posting any significant gains.
At close, the benchmark KSE-100 index closed at 41,435.13 points with a decrease of 83.10 points or 0.20%.
