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  • PSX Closes in Red As Index Falls by Over 900 Points

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    The Pakistan Stock Exchange saw significant losses on Tuesday, with the benchmark KSE-100 index falling over 950 points to close at 64,801.70 points, a decline of 1.45%, due to bearish sentiment from investors weighing economic uncertainty and the impact of a new government's policies. The market initially plummeted over 1,000 points before a minor recovery, as analysts cited weak global markets, monetary policy concerns, and negotiations for new IMF loans.

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    The Pakistan Stock Exchange saw significant losses on Tuesday, with the benchmark KSE-100 index falling over 950 points to close at 64,801.70 points, a decline of 1.45%, due to bearish sentiment from investors weighing economic uncertainty and the impact of a new government's policies. The market initially plummeted over 1,000 points before a minor recovery, as analysts cited weak global markets, monetary policy concerns, and negotiations for new IMF loans.

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    4 views1 page

    PSX Closes in Red As Index Falls by Over 900 Points

    Uploaded by

    bopigap911
    The Pakistan Stock Exchange saw significant losses on Tuesday, with the benchmark KSE-100 index falling over 950 points to close at 64,801.70 points, a decline of 1.45%, due to bearish sentiment from investors weighing economic uncertainty and the impact of a new government's policies. The market initially plummeted over 1,000 points before a minor recovery, as analysts cited weak global markets, monetary policy concerns, and negotiations for new IMF loans.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    KARACHI: Bears on Tuesday gripped the Pakistan Stock Exchange (PSX) as the benchmark index tumbled

    by over 950 points.

    The benchmark KSE-100 index underwent selling pressure, dipping to a low of 64,801.70 points. It
    lost 953.60 points or 1.45%, compared to yesterday's close of 65,755.31 points.

    The market initially plummeted by over 1,000 points during the intraday trading, however, it made
    minor recovery later in the day.

    A day earlier, the stock market closed slightly lower after hitting a high of over 66,100 points earlier in
    the session, as investors weighed the prospects of a new government and its economic policies.

    The KSE-100 shed 38.45 points or 0.06% to close at 65,755.31 points.

    “Stocks closed under pressure amid weak global equities and concerns for economic uncertainty,” said
    analyst Ahsan Mehanti at Arif Habib.

    He said uncertainty over the monetary policy announcement on March 18 and concerns over the
    outcome of government negotiations for new IMF loans played a catalyst role in the negative close.

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