Karachi: The Pakistan Stock Exchange (PSX) standard 100 index went down today after going up for two days in a row. At the end, the index had dropped by 665 points and was at 113,862 points.
At different times during the day, the 100 index stayed within a range of 917 points. Its best point today was 114,762 points. Today, 64 crore shares worth more than Rs 22.74 billion were bought and sold.
The market value also went down by 78 billion rupees. It then dropped to 14 thousand fifty billion rupees.
Experts say that this downward trend in the market is caused by unstable economies around the world and in certain countries, changes in the value of currencies, and the current political situation. Because investors were being careful, they sold shares, which put more pressure on the market.
Analysts, on the other hand, say that this market instability is normal and that things will likely get better soon, especially if things get better in politics and the economy.