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.
Read More: PSX hits new High, crosses 66500 points
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.
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