Karachi: The Pakistan Stock Exchange (PSX) benchmark 100 index closed with a negative trend today after two days of being positive. The index saw a decrease of 665 points, after which it ended at 113,862 points.
During the trading day, the 100 index remained in the band of 917 points, while the highest level of the index today was 114,762 points. 64 crore shares were traded in the market today, worth more than Rs 22.74 billion.
Similarly, the market capitalization also saw a decrease of 78 billion rupees, after which the market capitalization fell to 14 thousand 50 billion rupees.
According to experts, this negative trend in the market has been seen due to global and local economic instability, currency price fluctuations, and political situation. Investors took a cautious approach and sold shares, which increased the pressure on the market.
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