KARACHI: After reporting gains of 257 points earlier in the day, the Pakistan Stock Exchange (PSX) has now plunged by more than 1,000 points. The main reason for the drop in the benchmark KSE-100 index could have been the announcement that the former prime minister had been sentenced to 10 years in prison in the Cipher case.
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At 62,773.72 points at opening, the stock market reached its peak of the day at 63,074.50 points around midday. However, the market fell by more than 1,100 points to 61,637.62 points shortly after the special court’s ruling was made public.
