Khadim Hussain
KARACHI: After the global rating agency Fitch predicted a change of government, the Pakistan Stock Exchange suffered a major decline on Friday due to negative rumors on the political horizon of the country, which also brought down the psychological level of 81,000 points of the index. Gargai.
Due to the recession, 68.38% of share prices fell while investors lost 1 billion 91 billion 70 crore 48 lakh 82 thousand 607 rupees. Although the trading started with a 100-point gain, with the uncertain political conditions leading to the start of the rollover week next week, investors are focusing on offloading shares and taking profits rather than fresh investments in the market due to the liquidation of old deals. Moments after being concentrated, the market went into a bearish spiral.
At one point, the psychological level of 80,000 points of the Hundred Index fell due to a major decline of 2027 points, but the intensity of the decline decreased in the closing moments, as a result of which the KSE 100 index fell by 1721.97 points at the close of business. closed at the level of 80117.89 points.
