The Pakistan Stock Exchange on Monday sunk below the physiological barrier of 62,000 points as the KSE-100 index fell 1,800 points during Monday's trading session to close the day at 61,065 points.
This was the ninth largest single-day decline in the index.
This is the second session where it has suffered a substantial dip since the February 8 general elections. On Friday, the index fell by 2,362 points (3.68%). However, the index had recovered before the end of the day to reduce the loss to around 1,200 points.
On Monday, however, the Pakistan Stock Exchange witnessed a negative trend due to the continued uncertainty and political instability. Investors remain cautious following the creation of a coalition government and closed the day 1,878 points lower than the level it closed on Monday.
According to experts, the stock market has suffered as a result of the International Monetary Fund's (IMF) refusal to approve a plan to manage the circular debt.
The KSE-100 index was under pressure due to the delayed and unexpected results of the elections, which took at least three days to be confirmed by the ECP. The results have also faced criticism from foreign groups for their transparency.