Pakistan Stock Exchange slumps: 100 index falls 1300 points, investors lose billions of rupees
The Pakistan Stock Exchange witnessed a mixed trading week for investors but ended on a negative note. According to market sources, the KSE 100 index closed at 150,398 after a major decline of 1308 points.
The market witnessed huge volatility during the last five days, and the index was moving in a wide band of around 12,690 points. At one point during the week, the index reached a historic high of 157,347, but due to selling pressure, it also fell to a low of 144,656.
Economic analysts say that investors lost Rs160 billion due to this market downturn, after which the total market capitalisation has come down to Rs16,725 billion. On a weekly basis, 2.45 billion shares were traded, recording a total value of Rs140 billion.
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