Karachi: Investor confidence was badly affected in the Pakistan Stock Exchange today, due to which a sharp decline was seen in the market. The 100 Index fell by 1,415 points to 137,964.
The market witnessed a boom at the start of business, and the index reached a high of 140,331 points, but as the day went on, political and financial uncertainties made investors cautious, and they started taking profits.
600 million shares were traded in the market today, worth Rs 32 billion. Business circles are calling it a short-term pressure, but there are fears that if political stability does not come, the investment environment may deteriorate further.
Economists say the government must take immediate steps to restore economic confidence so that market balance can be re-established. Otherwise, this downturn could become a precursor to a long-term crisis.
