Karachi – Today saw a historic fall on the Pakistan Stock Exchange (PSX) as strong selling pressure caused the KSE-100 Index to drop recordingly.
In one session the benchmark index dropped 3.30%, losing 3,790 points. During the market fall, key levels of 114,000, 113,000, and 112,000 were hacked. Investor trust was lost when a startling 73.94% of the listed companies observed declining share prices.
The huge loss of PKR 437.71 billion in market capitalization affected general investor wealth greatly. To add to the turbulence, trade volumes dropped 11.25% from last session, suggesting cautious behavior among the negative attitude. Sharp declines were ascribed by analysts to increasing economic uncertainty, outside pressure, and a lack of positive triggers in the home financial scene. Unless strong economic policies and better investor attitude help to rebuild confidence, market analysts see ongoing volatility.
