Stocks fall due to changing political scenario
KARACHI: The Pakistan Stock Exchange (PSX) on Thursday fell nearly 2 percent to around 61,000 points as the race between different political parties intensified to form a new government, sparking concerns among investors who refrained from building new positions. In the morning, the session started on a dull note as selling pressure weighed on investor sentiment due to post-election political uncertainty. The stock market remained lower throughout the day, touching an intraday low of 60,926.85 about an hour before the close of trading. Moreover, fears of the Economic Coordination Committee’s (ECC) decision to further hike gas prices kept investors at
