Political polarisation and IMF bailout speculations trigger stock market slide

On Monday, the stock market experienced a decline attributed to political divisions and speculation surrounding the Staff Level Agreement (SLA) between Pakistan and the International Monetary Fund (IMF) regarding a long-awaited bailout tranche.

The Pakistan Stock Exchange’s benchmark KSE-100 index opened on a positive note but quickly turned bearish, sustaining a steady decline throughout the day. Ultimately, it dropped by 404.12 points, or 0.97 percent, closing at 41,195.06 points.

Market experts attributed the downturn to expectations of new taxes in the upcoming budget and Imran Khan’s statement about an 80 percent chance of his impending arrest on Tuesday. Despite attractive rates, a lack of buying interest and reduced trading volumes was observed.

 

1 COMMENT

  1. I have made several unfortunate decisions based on the lifestyle I choose. I took several debts to gamble with, and when I got the chance to make instant money with little risk and lots of profits. I jumped into it, I thought I would pay off all my debts and still have plenty. I wasn’t stupid, I was just too greedy to see that I was being scammed that I kept investing hundreds of thousands in these crypto racketeers. Writing this review is the only good thing I have done in my life for years as I will be saving tons of people from falling prey to these Bitcoin investment racketeers. I got in touch with this programmer online, I was very open and honest with him, I just wanted to know if they can really help me retrieve my hijacked funds before dragging myself into another mess. He was very honest, and dealing with this programmer was enlightening. We achieved success together as he always says. My hijacked tokens were successfully traced and retrieved. “Cybergenie ( @ ) cyberservices . com–WA (+) 1)2525120391”. You can never go wrong with CYBER GENIE..

Comments are closed.

Must Read

Honda and Nissan consider mutual production of vehicles, Kyodo reports

Automakers explore deepened collaboration, including shared production and hybrid vehicle supply, amid strategic challenges and shifting global trade dynamics