Karachi: Pakistan Stock Exchange (PSX) witnessed a sharp decline during the trading week today, as a result of which the PSX 100 index recorded a significant decline of 1,701 points. After this decline, the index closed at 154,440 points, while it closed at 156,141 points yesterday.
Today’s trading session witnessed clear pressure from investors to sell shares, due to which there was a red wave in the market.
Along with this, the financial volume of the market also shrank to Rs 39.911 billion, which was Rs 50.207 billion a day earlier.
A total of 476 companies were traded in the market, out of which only 180 companies increased their share prices, while 263 companies decreased their share prices and 33 companies remained at their previous price.
This decline has caused a wave of concern among stock market investors and experts are commenting on its reasons.
Economists say that this downturn may be the result of political uncertainties in addition to the domestic and global economic situation.
