KSE 100 index is taking a nosedive and people are panicking
The Pakistan Stock Market plummeted earlier today as it went down 1328 points, the lowest in Pakistan’s history in the last ten years.
It was reported that investors have lost over 110 billion rupees in the crash.
Stock Market at a crash situation. PSX down 1200 points !
110 billion of investors lost so far in a day.
— Gharidah Farooqi (@GFarooqi) October 8, 2018
According to Dunya, the market went down because of ‘weak economic indicators,’ as well as our country’s bumpy political landscape causing investors involved to raise concerns and ultimately, panic.
However, Pakistanis, are finding easy to point fingers at other factors. Namely, Imran Khan
Stock market has crashed today to its lowest, while our Prime Minister Imran Khan’s focus is on public toilets.
— Haalim (@haalim_86) October 8, 2018
and his buffaloes.
This is the biggest crash of stock market in history of Pakistan after October 2008. Continues nose dive. Congratulations Naya Pakistan on successful auction of Buffaloes.
Priorities my friends priorities#تبدیلی_بدنام_ہوئی #تبدیلی_گئی_تیل_لینے pic.twitter.com/WUElA0M4a0
— The Angry Lawyer🏌 ⛳ (@TheAngryLawyer3) October 8, 2018
About the buffalo reference, here you go.
Pakistanis are claiming that that they are done with ‘Naya Pakistan,’ and that all the recent upheaval in this country is due to Imran’s practices.
— Muhammad Jhangir (@MuhammadJhan07) October 8, 2018
— Dr Abrar Khan (@drswabiwal) October 8, 2018
— Տαηi کشمیری (@TheSaniKhan) October 8, 2018
— ZM (@ZeshanMalick) October 8, 2018
— Ali Rao (@AliRaoOfficial) October 8, 2018
The new dollar exchange rate is triggering some
128 ka dollar ? Wow. Freelancers ki mauj. Thank you my cute lil donkey king #تبدیلی_بدنام_ہوئی
— Meki Khan 🌷 (@iammahhek) October 8, 2018
While other trolls want to go back to “Purana Pakistan”
— Noon Memes (@noonmemes) October 8, 2018
Oh yes, Usman Buzdar, the Chief Minister of Punjab has also been included in the mix for no reason other than Mr. Prime Minister’s recent praise for his work
— nawaz sharif lover (@Abdulla76286781) October 8, 2018
— Zameer Maan (@ZameerMaan) October 8, 2018
We have yet to receive any formal statement from the Government on our economic situation, but we’ve got our eyes open.
What do you think of the Stock Exchange dilemma? Is Imran to blame? Let us know in the comments below! Love you.
Cover photo source:@TheAngryLawyer3/@iammahhek