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PSX plunges 1,600 points due to political instability, delay in talks with IMF

PSX plunges 1,600 points due to political instability, delay in talks with IMF
May 9, 2022 Web Desk

KARACHI (92 News) – Karachi Stock Exchange's benchmark 100-index witnessed a decrease of 1,447 points due to political instability and a delay in talks with the International Monetary Fund (IMF).

The market was closed at 43,233 points.

On the other hand, the dollar price increased by Rs1.13 to Rs187.90 against rupee. The dollar rate has increased by Rs6 since April 16.