Karachi: The Pakistan Stock Exchange continued to decline for the second day of the trading week today, the main reason for which is being attributed to the recent increase in interest rates.
During the market, the 100 index fell by 674 points to reach the level of 168,823 points, which is showing a decrease in investor confidence.
During the trading, the index also saw a low of 168,171 points and a high of 168,854 points, which indicates the uncertainty in the market.
Yesterday, the market closed at 169,497 points, however, after the interest rate hike, the market has come under pressure.
Experts say that rising interest rates make bank deposits and other safe investment opportunities more attractive, which leads to capital outflow from the stock market.
According to the data, the market closed down 0.68% yesterday and for the first time in six days, less than one billion shares were traded, which shows the slowdown in the market.
