Impact of interest rate hike: Pakistan stock market slump, KSE-100 index falls 674 points

After the recent increase in interest rates, the Pakistan Stock Exchange is seeing a negative trend on the second day of the trading week, which is causing concern among investors.

The 100 index recorded a significant decline of 674 points during trading, after which the index fell to 168,823 points.

Volatility was also seen during the market, where the 100 index at one point reached a low of 168,171 points, while the high was recorded at 168,854 points.

It should be noted that at the end of the previous trading day, the 100 index closed at 169,497 points, after which the bearish trend became more prominent today.

According to experts, the cost of investment increases due to the increase in interest rates, which puts pressure on the stock market and makes investors cautious.

It should be remembered that even before the increase in interest rates yesterday, the market had closed at a decline of 0.68%, while for the first time in six days, fewer than one billion shares were recorded in trading.