{"id":23075,"date":"2024-01-18T13:54:09","date_gmt":"2024-01-18T08:54:09","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=23075"},"modified":"2024-01-18T13:54:09","modified_gmt":"2024-01-18T08:54:09","slug":"pakistan-stock-exchange-drops-1000-points-makes-a-minor-comeback","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-stock-exchange-drops-1000-points-makes-a-minor-comeback\/","title":{"rendered":"Pakistan Stock Exchange: Drops 1,000 points, makes a minor comeback"},"content":{"rendered":"<p>KARACHI: The Pakistan Stock Exchange (PSX) experienced volatility during the previous week, but it was able to turn around in the last moments. On the other hand, Monday maintained Friday&#8217;s gains but ended the day lower than before.<\/p>\n<p>The decreasing trend persisted on Tuesday, and it became even more pronounced on Wednesday.<\/p>\n<p>Read More:\u00a0<em><strong><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/psx-sees-biggest-single-day-decline.html\">PSX sees biggest single-day decline<\/a><\/strong><\/em><\/p>\n<p>The geopolitical concerns that arose early today caused the index to decline by more than 1,000 points. The benchmark KSE-100 index dropped sharply to 62,528.55 points after opening at 63,567.33 points.<\/p>\n<p>By midday, the stock market had regained some of its losses and was trading at 63,158.83 points, about 400 points below its starting level.<\/p>\n<p>Read more:\u00a0<em><strong><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/psx-is-at-last-beginning-to-bounce-back.html\">PSX is at last beginning to bounce back<\/a><\/strong><\/em><\/p>\n<p>The stock market as a whole was almost entirely seen trading in red, with the decline in value being attributed to border tensions with neighboring Iran.<\/p>\n<p>Experts predict that the delivery of the IMF tranche and the recovery of the Rupee would support investor mood in addition to this immediate cause.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The Pakistan Stock Exchange (PSX) experienced volatility during the previous week, but it was able to turn around in the last moments. On the other hand, Monday maintained Friday&#8217;s gains but ended the day lower than before. The decreasing trend persisted on Tuesday, and it became even more pronounced on Wednesday. Read More:\u00a0PSX sees [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":23080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[10799,10300,3460],"class_list":["post-23075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-1000-points","tag-hundered-index","tag-pakistan-stock-exchange"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/23075","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=23075"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/23075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/23080"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=23075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=23075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=23075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}