Speaking at a listing ceremony in Karachi, Pakistan Stock Exchange CEO Farrukh Sabzwari stated that the stock market has declined from the highest level it achieved in January due to various economic and political factors. He noted that recent fluctuations in the market have influenced investor sentiment and affected overall trading activity.
Farrukh Sabzwari said that the reduction in interest rates and the prevailing political situation in the country are directly impacting market performance. He added that investors are making decisions while considering these developments, which have led to changes in the overall direction of the market.
He further stated that the situation regarding the Reko Diq project and the financial results of various companies are also playing a significant role in shaping market trends. Due to these factors, uncertainty persists in the market, and as a result, the market has fallen below its highest level recorded in January.
The CEO also remarked that amid the ongoing tensions between Iran and the United States, it remains uncertain which direction global oil prices will take. He said that any potential change in international energy prices could also have an impact on the domestic market.
