Pakistan Stock Exchange records sharp decline, 100 index falls by more than 4600 points, investors lose billions of rupees
Pakistan Stock Exchange (PSX) recorded a sharp decline on Monday, the first day of the trading week, as a result of which the main index of the market, the 100 index, closed with a significant decline of more than 4600 points. Due to this major decline, investors lost billions of rupees and questions have been raised about the stability of the market.
The bearish trend prevailed since the beginning of the market and during trading, the 100 index fell below the level of 163 thousand points and reached the level of 158 thousand.
Important psychological limits were broken
According to the details, during trading, the 100 index recorded a significant decline of 4654 points and the index closed at 158,443 points. This decline was about 2.85 percent.
Under continuous selling pressure, the index also lost the important psychological levels of 163,000, 62,000, 61,000, 60,000 and 59,000. At one point in the trading session, the 100 index also reached a low of 157,678 points, which is being described as one of the biggest declines of the current month.
It should be noted that on the last trading day of last week, the 100 index closed at 163,098 points.
Reasons for the downturn
Analysts have cited various reasons for this sharp downturn in the market. According to them:
- Uncertain economic conditions: The overall economic uncertainty in the country continues to affect investor confidence.
- Fluctuations in global markets: Changes and fluctuations in the markets at the international level are also affecting the Pakistani market.
- Concerns over government policies: Concerns about government policies among investors are also forcing them to withdraw capital.
Experts say that this major decline has once again raised serious questions about the stability of the market, and the direction of the market in the next few days will depend on economic indicators and investor sentiment.
