Pakistan Stock Exchange bleeds causing loss of billions of rupees to investors
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The KSE-100 index on the Pakistan Stock Exchange (PSX) concluded Tuesday's trading session on a bearish note, registering a decline of 0.78 percent. This brought the index to a closing level of 45,508.39 points, as reported by ARY News. The day began with the KSE-100 opening at 45,902.72 points, but it swiftly experienced a negative shift, shedding 357.34 points. This downward movement translated to a percentage decrease of 0.78 percent by the end of the trading day.
Amidst these market fluctuations, a substantial trading volume was observed, with a total of 126,341,546 shares changing hands, representing a combined value of 4,987,457,195 units. The market activity was characterized by 293 trades in total.
Among these trades, 73 companies saw their share prices advance, while 195 experienced declines. Additionally, 25 companies remained unchanged, reflecting the mixed performance of various stocks within the market.
The KSE-100 index's negative trajectory on Tuesday underscores the dynamic nature of the Pakistan Stock Exchange, influenced by factors ranging from economic indicators to investor sentiment. Such fluctuations highlight the importance of keeping a vigilant eye on market developments for both investors and stakeholders in the financial sector
