PSX Faces Major Setback as 100 Index Plunges by 1991 Points

Karachi: Today’s trading day on the Pakistan Stock Exchange (PSX) was negative, with the Benchmark 100 Index down by a notable 1991 points. The index was 110,424 points at the end of trade, a clear drop in market performance.

Traded overall were 62 crore shares with a volume of Rs 33 billion. The crisis reduced market capitalization, which fell by Rs 237 billion, therefore lowering the whole market value to Rs 14,014 billion.

Investors responding to continuous economic difficulties and global market uncertainty follow a pattern of volatility in the market; hence this steep drop is expected. Closely observing the matter, financial experts predict possible swings in the next days.