Thursday December 02, 2021

Bearish Trend Witnessed At PSX As Market Loses 2000 Points

Karachi: Severe pressure witnessed today in the selling of shares at the Pakistan Stock Exchange while KSE 100-Index lost more than 2000 points.

Owing to bearish trend KSE-100 Index reached 43, 300 points after losing 2096 points. Shares prices decrease in the bearish environment which resulted into Investors lost of billion of rupees.

According to PSX roll back if index crosses more than five percent of the market previous day closure or decrease five percent and this state continues for five minutes than business of all the shares are stopped for particular period.

Experts have declared trade deficit responsible for severe bearish situation and for this reason the rupee will remain in pressure and interest rates will hike speedily.

← Back>