The recent bullish trend in the Pakistan Stock Exchange came to a halt on Wednesday as the market entered negative territory. On the third business day of the week, the stock market witnessed a sharp downward trend, causing the KSE-100 Index to fall below the key level of 133,000 points.
During trading, the market saw a notable drop of over 1,000 points, bringing the KSE-100 Index down to 132,326 points. This decline came as a major shock to investors, especially since the previous trading day had ended on a positive note. At that time, the KSE-100 Index had gained 33 points and closed at 133,403.
Meanwhile, in the interbank market, the value of the US dollar recorded a slight decrease. The dollar fell by 6 paisas, moving from Rs284.36 to Rs284.30. However, this minor change in the foreign exchange market had little impact on investors, whose focus remained on the significant decline in the stock market.
Experts say the market downturn has been driven by global economic trends and ongoing political and economic instability within the country. Investors believe that if the government and relevant institutions do not take immediate stabilizing measures, there is a risk of further decline in the market.
