The indices slipped lower from the start of the day, as the benchmark KSE 100 index lost 1,206.20 pts to an intraday low of 44,315.43. It ended with a loss of 1,089.83 pts at 44,431.80 below the 45,000 mark.
Meanwhile, the KMI 30 index gained 1,295.15 pts closing at 75,111.70. While the KSE All Share index managed to gather 331.12 pts ending day at 31,081.32.
“I believe this is a synchronised sell-off and it was coordinated. The apex and frontline regulators should look into it,” said Najam Ali CEO Next Capital, while talking to a private channel.
At 9:30 am, the index dropped by 1,073.15 points to 45,087.73 points amid political uncertainty.
The political tensions were further escalated after PTI announced that Prime Minister Imran Khan would seek a fresh vote of confidence from the National Assembly.