The downward trend continues in the Pakistan Stock Exchange, with the KSE 100 Index dropping by 1200 points and falling below the psychological level of 111,000.
The trend of decline in the Pakistan Stock Exchange persisted on Thursday as the market opened with a bearish sentiment. The KSE 100 Index decreased by 1200 points, falling below the 111,000 psychological level.
Analysts state that after reaching historical highs, the market has been under selling pressure. Investors are shifting investments to real estate and other sectors. The imposition of tariffs by the U.S. president on China, Mexico, and Canada is also contributing to the market pressure.
On Tuesday, due to negative trading in the stock market, the hundred index was unable to maintain the 112,000 mark.
Meanwhile, according to the Exchange Companies Association, the price of the dollar has decreased. The U.S. currency has fallen by 6 paisas, reaching 278 rupees and 90 paisas in the interbank market.
