Bloodbath at PSX, index down to 30 months low
PSX index nosedives by 1379 points in day trading, market lost more than 2000 points within two days
The Pakistan Stock Exchange (PSX) witnessed a sharp decline on the second day of the business week, while on the first day of the week as well, the PSX had lost 602 points.
The ongoing political and economic instability in the country has adversely affected the stock exchange like all sectors, the stock exchange was down sharply on the second day of the business week.
According to the details, the 100 index fell by more than 1379 points on the second day of the business week after a sharp fall in the stock exchange.
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On the second day of the business week, the stock exchange closed at 38 thousand 342 points with a decrease of 3.47%. Billions of rupees of investors have sunk.
The Trading 100 index had lost 602 points during the previous day, which means a loss of more than 1800 points in two days.
Due to the unstable political and economic situation of the country, the Pakistan Stock Exchange is suffering from the worst decline on the second day of the business week. The value of the dollar also increased further.
The stock market closed at a 30-month low on the second day of the trading week, having last closed at such a low on July 27, 2020.
