Pakistan Stock Exchange has lost $30 billion market capital: Report

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Pakistan Stock Exchange has lost $30 billion market capital: Report

*KARACHI - The Pakistan Stock Exchange lost another 1,000 points by midday Monday and fell to its lowest level since May 2016 as investors continued to pull out amid economic uncertainty.*

Market capitalisation has come down to $50 billion compared to $80 billion only six months ago, say analysts.

The benchmark KSE-100 Index, a gauge to measure market performance, fell more than 3% by noon on Monday and was hovering at the 36,320-point level, the lowest in the last two-and-a-half years. The market has been experiencing a bearish trend as investors are skeptical about the country’s economic situation and global trends affecting the market.

The KSE-100 index lost 4% of its value last week after investors feared that some of the stocks may be excluded from the MSCI emerging market index. This means Pakistani stocks, like HBL and Lucky Cement, which are part of this global capital markets index, may not attract investors anymore.