Karachi- The Pakistan Stock Market (PSX) witnessed a downtrend on the last day of the month of February, as a result of which the 100 Index closed at 113,251 points with a decrease of 532 points. 46 crore shares were bought and sold in the market, which was worth Rs 22 billion.
In the month of February, the 100 Index ended with a total decline of 1,04 points. During this time, the index remained in the band of 6,484 points, with the highest level recorded at 1,15,889 points and the lowest level at 1,9405 points. During February, 9.78 billion shares were bought and sold in the market, with a total value of Rs462 billion.
The market capitalization increased by Rs73 billion, after which the market capitalization reached Rs 13,980 billion. According to experts, this decline in the market reflects global and local economic conditions, currency shortage, and uncertain attitudes of investors. However, the increase in market capitalization shows that long-term investor confidence remains intact.
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