PSX Crashes By Over 2,000 Points Over Election Results [Updated]

The Pakistan Stock Exchange (PSX) crashed by over 2,000 points as uncertainty surrounding the election outcomes weighed heavily on investor sentiment. In the initial moments of the post-election trading session on Friday, the benchmark KSE-100 index plummeted by 2,326 points or 3.6 percent to 61,871 points during in intra-day trading. By 9:35 am, the benchmark index had fallen to 62,436, marking a substantial decline of  1,707 points or 2.66%. It settled at 62,943, down 1.87 percent or 1,200 points. The KMI 30 index shed 2,478 points settling at 106,189, while the KSE All share index declined by 732 points to close at 42,581. The highest participation was witnessed in K-Electric Limited (PSX: KEL) with over 20 million shares traded, followed by Oil & Gas Development Company Limited (PSX: OGDC) and Pakistan Petroleum Limited (PSX: PPL). The scrips had 18.9 million shares and 17.8 million shares traded, respectively.