KSE-100 index falls over 1,100 points

KARACHI: The ongoing political uncertainty in the country took its toll on the Pakistan Stock Exchange (PSX) on Thursday, with the KSE-100 index falling more than 1,100 points. 

Around 3pm on Thursday, the benchmark index was less than 38,770 points after a fall of more than 1,100 points. 

The country has been facing an uncertain political situation since the release of the Model Town incident report, which casts the ruling party in a negative light over its role in the 2014 incident, which resulted in the killing of 14 Pakistan Awami Tehreek workers. 

The stock market has already been taking a hit since the ouster of prime minister Nawaz Sharif by the Supreme Court in July.