PSX loses over 1,100 points The uncertainty over the future of the US political system is frightening investors. [Update]

0
PSX loses over 1,100 points The uncertainty over the future of the US political system is frightening investors. [Update]
PSX loses over 1,100 points The uncertainty over the future of the US political system is frightening investors. [Update]

Bears erupted at Pakistan Stock Exchange (PSX) when equities went through a panic-struck selling spree in late hours trading on Tuesday, amid a serious economic crisis.

The index benchmark KSE-100 index was bearish right from the first bell, and then fell into the red zone as the KSE-100 index losing over 1,100 points following the resumption of trading on Tuesday.

The index dropped 1,120 points which is 2.75 percent, before falling below 40,000 to 39,849 at 2:18 PM.

READ MORE: Elon Musk snubs Twitter Resignation

Gaining 66.32 points in the beginning at the beginning of the day, that benchmark KSE 100 index recorded an intraday peak of 41,037.14. After that, it fell to a lowest at 39,533.03 (losing 1,437.79 points) it was the lowest point since the 1st July of 2021. The index fell by 1,138.37 points to 39,832.45. Its KMI 30 index lost 2,066.93 points before settling at 66,501.90. The KSE All Share index went down by 640.98 points before closing at 26,924.87.

A Vice President Assistant of JS Global, Waqas Ghani said to ProPakistani,

The market’s overall volume increased by 142.30 million shares during the prior trading session, and amounted to 263.08 millions shares. The total value traded was up from 3.81 billion on Monday to Rs. 3.81 billion Monday, to Rs.6.51 billion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here