KARACHI: The Pakistan Stock Market crashed on the first day of trading, with the index falling by thousands of points in minutes to 148,042 points.
According to details, the Pakistan Stock Exchange (PSX) witnessed a sharp decline on the first day of the trading week, where the market crashed as soon as it opened.
The index experienced a historic decline within minutes due to massive selling of shares.
The Hundred Index opened with a huge decline of 7,322 points at the start of the trading day, after which the index fell to 9,786 points within minutes due to the massive selling of shares by investors.
Due to a decline of more than 5 percent in the market, the “safety valve” was activated and trading was halted for an hour under regulatory rules. At the time of trading halt, the Hundred Index was at 1,47,715 points.
Economists say that such a sudden and large decline in the market has created a wave of uncertainty among investors and that the market is currently experiencing severe pressure.
ISLAMABAD: The prices of various smartphones in the country are likely to be reduced by…
ISLAMABAD: For the first time in Pakistan, people will be able to enjoy a talent…
LAHORE: The national cricket team suffered a major setback before the West Indies tour as…
ISLAMABAD: Kaspersky warns users to be careful with unofficial streaming and betting platforms to avoid…
DUBAI: The ICC has issued the new players' rankings, with England's Joe Root getting back…
GILGIT: In a significant political development in Gilgit-Baltistan, several prominent religious scholars and community leaders…