KARACHI: The US dollar rose 70 paisas in the inter-bank market on Wednesday after which it touched the Rs101.10 mark.
Moreover, the Karachi Stock Exchange (KSE) 100-index staggered to the level of 28, 494 after a decline of 162 points in the morning trading session.
Analysts are of the view that if the current political scenario prevails, the situation of stocks would also remain uncertain for the foreseeable future.
The developments come in the wake of Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan’s threats to storm Prime Minister House if Nawaz Sharif does not resign within the so-called deadline that the PTI chief had earlier announced.
Already, activists and supporters of both PTI and Pakistan Awami Tehreek (PAT) are camped inside the Red Zone of the federal capital which houses significant government buildings such as the Prime Minister House, the Parliament House, the Supreme Court and a number of foreign missions.