Business

PSX falls as KSE-100 loses over 900 points

The ongoing political uncertainty in the country took its toll on the Pakistan Stock Exchange (PSX) on Monday, with the KSE-100 index falling more than 900 points.
The benchmark KSE-100 index has lost over 900 points to reach the level of 42,658 points as recorded at 1pm. A -2.21% change has been recorded in the index.
The country has been facing an uncertain political situation since former prime minister Nawaz Sharif’s statement on 2008 Mumbai attacks.
Nawaz, in a recent interview to Dawn newspaper, had said, “Militant organisations are active. Call them non-state actors, should we allow them to cross the border and kill 150 people in Mumbai? Explain it to me. Why can’t we complete the trial?”
His remarks were played up by the Indian media as an admission of Pakistan’s involvement in the terrorist attacks, even though similar questions and statements have been raised from civilian and security officials in Pakistan earlier
The National Security Committee (NSC) has categorically denied former premier Nawaz Sharif’s recent statement on the 2008 Mumbai attacks and unanimously termed it “completely false and misleading”.
The NSC, which met under the chair of Prime Minister Shahid Khaqan Abbasi on Monday, said in its statement that the country’s top civil and military leadership conducted a detailed review of Nawaz’s statement printed in a newspaper interview on Saturday.