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Shares at the Pakistan Stock Exchange (PSX) plunged for the second consecutive day on Tuesday on the back of continued political and economic turmoil.

The benchmark KSE-100 index closed at 39,832.45 points, down 1138.37 points or 2.78 per cent. The index reached an intraday low of 1,437.79 points, or 3.51pc, around 3pm.

According to Arif Habib Limited, the index closed at a five-month low, a level last seen on July 21.

Dalal Securities CEO Siddique Dalal said the index fell due to a number of reasons, including fear of the dissolution of Punjab and Khyber Pakhtunkhwa assemblies and rising political confrontations which had damaged investor confidence.

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