PSX sees sharp decline, 100 index closes at 159,578
The Pakistan Stock Exchange continued to see a bearish trend throughout the trading day today. The PSX-100 index recorded a decline of 1703 points, after which the market closed at 159,578 points.
The index reached a high of 162,052 points and a low of 159,216 points during trading. The index closed at 161,281 points yesterday.
According to economist Ayesha Mahmood, “The market is currently facing a crisis of investor confidence, which is linked to uncertainty in fiscal policies and currency fluctuations.”
She further said that “if the government does not implement fiscal reforms and investment-friendly measures, the prospects for recovery in the stock market may be limited.”
Expert Salman Raza said that “investors are exiting the market in an attempt to gain temporary profits, which has increased the pressure on the index.”
According to analysts, if political stability and the foreign exchange situation improve in the coming days, there is a possibility of improvement in the market.
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