16 Jan, 2017
Karachi Stock Exchange - Rising tension between Pakistan and India took its toll on the stock market as the benchmark-100 index plunged 1.41% Wednesday, wiping off most gains made in the previous few trading sessions.
Concerns over domestic politics as well as uncertainty over the future of Pakistan-India relations were enough to make investors jittery, who took little time to decide on an exit.
Stocks fell soon after the opening bell and the KSE-100 Index slid below 40,000, bringing an end to gains in speculative plays and penny stocks.
At close, the Pakistan Stock Exchange’s benchmark KSE-100 index finished 1.41% or 569.04 points lower to end at 39,771.42.
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