{"id":20952,"date":"2023-12-14T15:06:04","date_gmt":"2023-12-14T10:06:04","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=20952"},"modified":"2023-12-14T15:06:04","modified_gmt":"2023-12-14T10:06:04","slug":"psx-is-still-in-a-downward-spiral-us-dollar-drops-further","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/psx-is-still-in-a-downward-spiral-us-dollar-drops-further\/","title":{"rendered":"PSX is still in a downward spiral, US dollar drops further"},"content":{"rendered":"<p>KARACHI: The KE-100 index dropped 675 points to open at 64, 600 on Thursday, marking the start of a negative trend for the <a href=\"https:\/\/www.psx.com.pk\/\">Pakistan Stock Exchange (PSX).<\/a><\/p>\n<p>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.<\/p>\n<p>Analysts concluded that the PSX&#8217;s negative trading was primarily due to profit-taking. Following the Supreme Court&#8217;s suspension of its decision regarding military trials of civilians, the most recent political development also conditionally contributed to the bearish trend.<\/p>\n<p>Read More<em><strong>:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/psx-hits-new-high-crosses-66500-points.html\">PSX hits new High, crosses 66500 points<\/a><\/strong><\/em><\/p>\n<p>In contrast, the US dollar&#8217;s interbank price has dropped by 46 paisa compared to the Pakistani rupee, and it is currently trading at Rs 283.15.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":20953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[10212,3461],"class_list":["post-20952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-business","tag-psx"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/20952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=20952"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/20952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/20953"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=20952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=20952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=20952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}