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Video: Pakistan mutual funds shed $24m against political chaos

Stock market loses 4% of its value in four sessions

SAMAA | - Posted: Mar 10, 2021 | Last Updated: 5 months ago
SAMAA |
Posted: Mar 10, 2021 | Last Updated: 5 months ago

Pakistan's stock market has lost more than 4% of its value in the last four trading sessions because of political uncertainty caused by the Senate elections. The benchmark KSE-100 index, a gauge to measure the market's overall performance, shed more than 1,900 points as investors got nervous. Mutual funds alone have offloaded $24.14 million from the market in these four sessions, according to a report by Intermarket Securities. As pressure from mutual fund redemption eases off, the market is expected to rebound, IMS says.

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