Following the announcement of the election results, investors became uneasy, causing panic on the Pakistan Stock Exchange in the post-election period.
The benchmark KSE-100 index fell by 2,000 points in the early hours of Friday before starting to gain ground during the post-election trading period.
The KSE benchmark index began the day down to 61,781.76, a decrease of more than 2,000 points due to unexpected general election results.
Experts blame the election results’ delay for the PSX decline, but terrified investors continue to exercise caution to prevent losses.
The shift at PSX refers to surprising unofficial results, since the party that will form the government in the 240 million-person nation is now hidden behind a smoke screen.
Index-heavy equities, such as Pakistan Petroleum PPL and Oil & Gas Development Company OGDC, were down on Friday.
A day before the elections, the stock market finished at 64,143, 345 points higher, and investors were hoping for some gains.
While political heavyweights PML-N and PPP are fighting for a majority, early and unofficial election results place independent candidates backed by the PTI in commanding positions.
