Elections Uncertainty And Its Impact On Pakistan Stock Exchange: A Closer Look”

KARACHI;The Pakistan Stock Exchange saw panic in the post-election session as investors fell to uncertainty after the election results started coming out.Elections Uncertainty And Its Impact On Pakistan Stock Exchange: A Closer Look”.

During the initial hours of Friday, the KSE-100 index, which serves as a benchmark, experienced a decline of 2,000 points before gradually recovering some ground in the subsequent trading session following the election.

Initially, the KSE benchmark index experienced a significant decline, reaching 61,781.76, which marked a decrease of more than 2,000 points due to the unforeseen outcomes of the general election.Elections Uncertainty And Its Impact On Pakistan Stock Exchange: A Closer Look”.

The decline in PSX is attributed to the delay in election results, as experts suggest. Meanwhile, investors who have been affected by panic are exercising caution to prevent further losses.

The alteration at PSX indicates unforeseen unofficial outcomes, as currently it remains concealed behind a veil of uncertainty regarding which party will assume power in the nation with a population of 240 million.

On Friday, stocks with significant weightage in the Index such as Oil & Gas Development Company (OGDC) and Pakistan Petroleum (PPL) were experiencing a decline in their trading value.

Investors sought to capitalize on the stock market’s upward momentum, as it concluded the day before the polls with a significant gain of 64,143,345 points.

In the meantime, initial and unofficial election outcomes indicate that independent candidates supported by PTI are occupying prominent positions, while political heavyweights PML-N and PPP are competing for a majority.