Share prices crash at jittery Pakistan Stock Exchange
The bearish trend which has been witnessed at the Pakistan Stock Exchange (PSX) on the fourth consecutive day on Thursday made the investors extra careful, reported 24NewsHD TV channel.
Share prices crashed as the KSE-100 Index, after a drop of 911 points, closed at 42, 779 as the day drew to a close.
Overall, the 100-Index dropped by 3,050 points during the last four days.
Similarly, market capitalization lost Rs480 billion during the past four days.
Experts say that the current political situation in the country has made investors cautious.
Similarly, on Wednesday (March 10), political developments in the country had made the 100 Index at Pakistan Stock Exchange (PSX) lose over 2, 000 points, depriving the investors of Rs361 billion.
With the drop of over 2146 points, 100 Index plunged to 43, 691 at the close of the day.
Experts said that the total increase witnessed in the 100 Index since the start of the current year was offset by the downward trend being recorded for the last three days so much so that the index reached the level it was on December 30, 2020.