ECONOMY

Pakistan Stock Exchange loses 420 points during the start of the week

Pakistan Stock Exchange: On the first trading day of the new trading week on the Pakistan Stock Exchange, the stock market recorded a sharp fall, which led to the KSE 100 Index falling 420.14 points to 42747.62 points, while the share price of 75.63% companies was recorded. This led to a loss of Rs 51 billion 20 crores 51 lakh to investors, and business volume was also down 17.74% over the previous trading session.

Investors continued to prefer selling rather than buying shares, which led to the market downturn and further trading.

The KSE 100 index fell below the psychological threshold of 43,000 to 42632 points, but recovery came later, and the index was restored to 42700, but the bearish trend was dominant, and the KSE 100 Index closed at 42747.62 points, down 420.14 points at the end of the market.

The KSE 30 Index declined by 198.43 points to 19798.84 points and KE The SEL-Shares Index closed down 189.84 points at 29808.60 points.

On Monday, the total shares of 353 companies were traded, out of which 70 companies had a share price increase of 267 and stabilization of 16. As a result, the total market capitalization of the market was reduced to Rs 80 trillion 33 billion 93 crores 25 lakhs. Peer had a turnover of 17 crores 38 lakh 97 thousand shares, which is less than three crores 75 lakh 6 thousand shares.

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Moeen Ali

I am Moeen Ali, Sub Editor & Author at The Ticker Times. I am associated with "The Ticker Times" for the past six months and a lot more years to come. We publish a wide variety of content for our readers. Keep reading us!

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