KARACHI: The KE-100 index dropped 675 points to open at 64, 600 on Thursday, marking the start of a negative trend for the Pakistan Stock Exchange (PSX).
The PSX 100-index saw a bearish trend on Wednesday, closing at 65,280.16 points as opposed to 66,426.78 points the day before, a decrease of 1,73 percent or 1,146.62 points.
Analysts concluded that the PSX’s negative trading was primarily due to profit-taking. Following the Supreme Court’s suspension of its decision regarding military trials of civilians, the most recent political development also conditionally contributed to the bearish trend.
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In contrast, the US dollar’s interbank price has dropped by 46 paisa compared to the Pakistani rupee, and it is currently trading at Rs 283.15.
