Pakistan Stock Exchange faces near crash situation on Monday

Shares
Pakistan Stock Exchange faces near crash situation on Monday

*KARACHI - The Pakistan Stock Exchange (PSX) benchmark index KSE-100 index lost near 1,000 points, sitting well below 37,000 points.*

The stock exchange has been bleeding points lately, as the outgoing week share values reached almost nine-month low mark with recorded a decline of 1,772 points.

The decline came amid rising interest rates by the State Bank of Pakistan (SBP), economic uncertainty and the upcoming International Monetary Fund (IMF) bailout. The US-based lender has already pointed out to the government to take harsh steps in order to put the economy back on track.

Technology and Communication was the top traded sector with total traded volume of 14,762,500 shares. It was followed by Commercial Banks with a total traded volume of 9,752,700 shares.