The Pakistan Stock Exchange shed over 700 during the midday trading on Tuesday owing to political and economic uncertainty in the country.

The benchmark KSE-100 Index was trading at 46695.11 level during the midday trading after shedding 783.50 points, or 1.65%. Similarly, the KSE-30 Index shed 294.29 points, or 1.74% as it was trading at 16597.03 levels.

The investors’ sentiments dampened on the back of a constant decline in the value of the rupee. Likewise, the political environment of the country remained tensed as the Islamabad High Court suspended PTI Chief Imran Khan’s sentence in the Toshakhana criminal case.

Rupee continued to remain under pressure in forex market as it fell by Rs1.91 against the dollar in the interbank market on Tuesday, traders said.

The dollar was being traded at Rs303.90 in the early morning trade.

The development comes a day after the local currency hit a new low against the greenback, with experts demanding that the government take immediate measures.