The Pakistan Stock Exchange's benchmark KSE-100 index went down by 1,700 points on Friday as confusion prevailed over the results of the general elections in Pakistan. Pakistan authorities are moving at a snail's pace to announce the election results that in a surprising development showed disqualified and jailed ex-Prime Minister Khan's Pakistan Tehreek-e-Insaf (PTI) party supported independent candidates leading the show.
A top financial analyst said that the KSE-100 index has plummeted because investors were looking to sell instead of buying due to the uncertain situation created after the elections.
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