Due to the uncertain political situation over the country and the lack of an agreement on the debt issue with the International Monetary Fund, the Pakistan stock market once again recorded a decline.
The share market once again saw a positive trend at the start of business and the 100 index saw a rise of nearly 100 points by 9:30 am. At one point during the trading, the index touched the level of 41808 points. However, at the same time, due to the inattention of investors, the fall in the stock market returned. which continued during trading until the close of business.
In the stock market, the index closed at 41329.95 points after falling by 364 points at the close of business.
A decline of 0.87% was seen due to bearishness during the entire business day while 93.3 million 15 thousand 969 shares were traded. About 70 billion rupees of investors were drowned due to recession.
Economists say that the reason for the decline in the Pakistan stock market for the second consecutive business day is the watch-and-wait policy on the part of investors, because investors fear that the government of Pakistan and the International Monetary Fund (IMF) will still MF), the impact of the agreement over the next few weeks may be beneficial for the economy.