KARACHI: The Pakistan Stock Exchange (PSX) 100-index lost 450 points with a negative impact as the arrest of PTI Chairman, and former prime minister Imran Khan pressurised the market during intra-day trading on Tuesday.
At around 3:30 pm, the 100-index was being traded at 41,370, a decrease of 459 points or 1.13 per cent and was expected to bounce back.
However, the investors stayed away after receiving the news of the arrest of PTI Chairman Imran Khan from the premises of the Islamabad High Court.
Major sectors witnessed the selling temperament, including automobile, chemical, cement, commercial banks, oil & gas exploration companies etc and were closed in the negative zone.
Impact of Imran Khan’s Arrest on PSX
According to analysts, the market was already under pressure, with a major loss of over 400 points on Monday; however, the recent development could make the situation more worrisome.
On Monday, the KSE-100 Index also lost over 450 points in the session. The continued negative sentiments in the market also contribute to the delay in the resumption of the IMF programme being pending since last November.
Meanwhile, the recent arrest could further deteriorate the already unstable political environment in the country, which could result in further set back in the market.
