New Bharat TV
India's neighbor Pakistan is in the midst of another cataclysmic crisis as the country tries to deal with the resurgence of PTI resistance to Imran Khan.
protests in pakistan
The ongoing turmoil has thrown Pakistani exchanges into disarray. In the last trading session, the key KSE 100 index plunged into a pool of red.
The former Prime Minister of Pakistan and leader of Pakistan Tehreek-e-Insaf (PTI) has been in jail since his arrest in May 2023. Khan, however, is calling and guiding his supporters and PTI party workers who are continuing their protests, according to reports coming from Asian countries.
The protesters are demanding the immediate release of the former cricketer. According to some reports, there have been few fatalities in these protests so far, as the Pakistani state under the leadership of PM Shehbaz Sharif has cracked down on these protests with brutal force.
KSE 100 Laminate
Equity markets based in Karachi, the commercial hub of the country, are naturally experiencing an exodus of resources from their stock exchanges. Pakistan Stock Exchange has been hit by uncertainties.
trading view
In the last trading session, which ended on November 26, the benchmark index, KSE 100, lost a massive 3,505.62 points, or 3.57 per cent of its value. This gave a total of 94,574.16 points. Earlier the index had closed at 98,079.78
The index has lost more than 1.54 percent of its total value in the last 5 trading sessions alone.
The former Prime Minister was jailed for allegedly selling gifts worth over US$500K or Rs 4.2 crore that he received during his tenure as the Prime Minister of Pakistan. The former PM has asked his supporters to keep fighting for their interests.
Amidst all this chaos, it also needs to be noted that the Pakistan Stock Exchange's own website is currently out of service, serving as a symbol of the weak system in the country.
Screengrab of the website.
GIPHY App Key not set. Please check settings