Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Stock Market Plummets Over 1,900 Points Following Supreme Court Ruling at PSX

Explore the aftermath of a significant stock market downturn as the PSX experiences a nearly 2,000-point crash in response to a key Supreme Court decision. Delve into the implications and market dynamics in this concise overview.

Stock Market Plummets Over 1,900 Points Following Supreme Court Ruling at PSX

The Pakistan Stock Exchange (PSX) experienced a bearish trend today as the benchmark KSE-100 index plummeted by more than 1,900 points during intraday trade. This decline followed the Supreme Court of Pakistan’s decision to postpone its ruling on military courts for civilians earlier in the day.

Commencing at 66,426 points, the KSE-100 index showed signs of bearish sentiment right from the opening bell, rapidly entering the red zone. Despite briefly reaching a new high of 67,095 at 9:35 AM, the index took a sharp downturn, shedding 1,985 points by 2:30 PM and settling at 64,441.

Honoring the Departed Stars of Pakistani Entertainment in 2023

By 3 PM, the benchmark KSE-100 index was recorded at 65,128, indicating a 1.95 percent decrease equivalent to 1,298 points. The market’s volatile performance was closely tied to the Supreme Court’s delay in delivering a decision on the matter of military courts for civilians.

Leave a Reply

Your email address will not be published. Required fields are marked *