At one time the PSX
100 index reached the level of 39 thousand 500 points
A sharp bearish trend
was observed in the Pakistan Stock Exchange on Tuesday.
On Monday, the PSX 100
index closed at 40,970. Business on Tuesday opened relatively briskly and the
index was also seen at 41,037.
After a short period
of bullishness, the share market was engulfed in bearishness. It was also seen
at the level of 39 thousand 533 points after a decrease of 1 thousand 437
points at one time.
At the close of
business, the PSX Hundred Index closed at 39,832 after a decline of 1,138
points.
Experts say that the
main reason for the sharp decline in the stock exchange is the economic
situation is very bad, besides the worsening political situation, investors are
afraid.
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