Share prices crash as index plunged by 2,100 points

By: News Desk      Published: 02:49 PM, 2 Dec, 2021
Share prices crash as index plunged by 2,100 points
File photo.

The Pakistan Stock Exchange (PSX) wilted massively on Thursday when the benchmark KSE-100 index plunged by more than 2,100 points, reported 24NewsHD TV channel.

In just one day, the KSE-100 index dropped by about four percent as it could not retain the level of 44,000 and plummeted to 43,211.

The market observers opine that today’s bloodbath at the PSX is the result of higher than expected rate of inflation. In the month of November, there was seen a decline in the record of import bill. 

Since the start of the day today, the PSX witnessed a sliding trend following which the investors preferred to sell their shares. 

Reporter Ashraf Khan