KARACHI: The Pakistan Stock Exchange witnessed a sharp decline at the start of the fifth and last day of the trading week, which worried investors.
During early trading, the Hundred Index recorded a major decline of more than 2,500 points, after which the index fell to 166,380 points.
It should be remembered that at the end of the previous trading day, the market had also closed in the negative zone, where the Hundred Index closed at 169,173 points with a decline of 2,405 points.
According to economists, the continuous downward trend reflects the decline in investor confidence and economic uncertainty.
On the other hand, a mixed trend is being seen in Asian stock markets, with Japan’s Nikkei index recording a 0.64 percent increase, while Malaysia’s Fitsi Bursa index also saw a 0.66 percent increase. In contrast, Indonesia’s Jakarta Composite Index fell significantly by 2.16%.
Similarly, China’s Shanghai Composite Index fell by 0.58%, while Hong Kong’s Hang Seng Index also recorded a decline of 0.20%.
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