Karachi: Today’s sharp decline in the Pakistan stock market exposed the fragile situation of the economy. The bullishness at the start of business turned into a sharp decline by the evening, and the 100 index fell 1,415 points to close at 137,964 points.
Experts say that despite the bullishness in the market, investors preferred to take profits because the lack of continuity in economic policies and the delay in new negotiations with the IMF have increased concerns.
The market traded 600 million shares today, worth Rs 32 billion. However, after the sudden downturn, investors started withdrawing capital to reduce risk.
Yesterday, the market closed at 139,380 points, compared to which today’s decline was a severe blow to investors. Economic circles are now demanding an immediate clear strategy from the government and restoration of confidence.
