(24News) Pakistan Stock Market (PSX) crashed as a result of the negative effects of increasing political tension in Islamabad, the KSE 100 index recorded a decrease of 3800 points in the closing moments of business on Tuesday.
At 11:15 am, the KSE 100 index increased by 1642 points or 1.68 percent to reach 99722.66 points, but at 12:35 pm, the KSE 100 index decreased by 2281 points or 2.33 percent to 95797.90 points. . Further selling pressure later pushed the 100 index to the 95,500-point level shortly before the end of the session.
The index was seen down 2,908.69 points or 2.97 per cent at 95,171.09 points at 2:40 pm while the 100 index was seen down 3,800 points or 2.97 per cent at 94,200 at one point during the closing hours of the market.
It should be noted that this unstable situation in the stock market arose when fierce clashes took place between the supporters of Pakistan Tehreek-e-Insaaf and the security personnel deployed in Islamabad. Meanwhile, a high-speed vehicle was rammed by the miscreants on the Rangers personnel, as a result of which 4 Rangers were martyred and the Pakistan Army was called in the federal capital, orders to shoot the miscreants on sight. were also released.