Imran Khan’s disqualification causes index 252.91 point hiccup

The Pakistan Stock Exchange on Friday shed over 250 points in a blink of an eye following the decision by a tribunal of the Election Commission of Pakistan (ECP) to disqualify Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan.

As the index resumed after the extended midday break at around 2:28 pm, the index plunged 252.91 points.

The index started the session at 42,046.55 points and immediately fell to 41,793.64 points, down over 250 points.

But the hiccup lasted a short while as it rebounded to 40,050 by 2:42pm.

The index oscillated with peaks and troughs until the close of the day when it climbed another 162.54 points to close the day at 42,213.48, up by 76.44 points.

Earlier in the day, the index opened at 42,134. 04 points. It rose 87.29 points in early trading before losing about 194.75 points before the midday break.