KSE-100 erases gains to close lower

Volatility gripped the Pakistan Stock Exchange on Thursday as the benchmark KSE-100 index lost 169 points owing to a host of discouraging news reports.

Growing political turbulence, with parliament inching closer to a vote on the no-confidence motion, weakened investors’ interest in making stock purchases in the market.

Moreover, a fresh rupee slump past 180 against the US dollar…