Stock exchange declines sharply; Loss of more than Rs 164 billion in one day

Stock exchange declines sharply; Loss of more than Rs 164 billion in one day

Due to the sharp decline in the Pakistan Stock Exchange, investors sank Rs. 164.22 billion. Factors such as the arrest of Shahbaz Sharif in a money laundering case, confrontation between the government and the opposition, and instability on the political horizon due to the activities of the All Party Conference have affected the business activities of the Pakistan Stock Exchange. The psychological threshold of 41000 points also fell, 84% of the share prices fell while 1 lakh 64 billion 22 crore 69 lakh 11 thousand 954 of investors sank.

Stock analysts said that the impact of the downturn in the global markets was also felt in the local market, which is why the market could not last long at 84 points at one point and the sell-off in a wide range of shares. Intensity reached a low of 1061 points, but increased buying activity at lower prices in the closing moments led to a slight decline in the intensity of the downtrend. The KSE 30 Index lost 354 points 17 points to 17251 Index 51, the KMI 30 Index 1401 Index lost 42 points to 65157 Index 19 and the PSX MI Index 513 Index lost 53 points to close at 20276 Index 59.

Stock exchange declines sharply; Loss of more than Rs 164 billion in one day

Author: Haroon Malik

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