On Wednesday, the Pakistan Stock Exchange (PSX) experienced a significant decline due to political uncertainty following the announcement of a long march by PTI Chairman Imran Khan starting October 28. The benchmark KSE-100 index fell by 650 points as investors sold stocks amidst political developments.

Pakistan Stock Exchange Drops Below 41,000 Points amidst Political Uncertainty

The market remained under selling pressure throughout the trading session, leading to the index falling below the 42,000-point mark. Additionally, the depreciation of the rupee against the US dollar by 0.43% in the inter-bank market further deterred investors.

The day started on a negative note with the market dipping shortly after trading commenced, hitting an intra-day low of 41,490.13 points. At closing, the benchmark KSE-100 index settled at 41,540.03, recording a decrease of 650 points or 1.54%. Topline Securities reported that Pakistan equities faced a bearish trend due to the announcement of the long march, which caused the index to hit an intra-day low of 699 points.

In summary, the announcement of a long march by PTI Chairman Imran Khan caused political uncertainty, leading to a significant decline in the PSX. The market remained under selling pressure throughout the trading session, with the benchmark KSE-100 index falling by 650 points. The rupee's depreciation against the US dollar further discouraged investors, leading to a bearish trend in Pakistan equities.