Karachi: The Pakistan Stock Exchange (PSX) extended its losing streak for the fourth consecutive day, with the benchmark 100 Index plummeting by 1,510 points on Wednesday. The market went down a lot when the index closed at 112,638 points.
In the last four days, the PSX has lost more than 4,900 points, which is a sign that investors are becoming more worried. Over 24 billion rupees worth of shares were traded during today’s market session, which lasted about 690 million minutes.
The market capitalisation also went down, dropping by Rs 159 billion to Rs 14,476 billion, showing that the effects on market values were getting worse.
The current downward trend is due to a mix of economic problems and investment anxiety. The index’s steady drop shows how important it is to take steps to stabilise the market and restore trust in it.