*KARACHI – The Pakistan Stock Exchange lost another 1,000 points by middayMonday and fell to its lowest level since May 2016 as investors continuedto pull out amid economic uncertainty.*
Market capitalisation has come down to $50 billion compared to $80 billiononly six months ago, say analysts.
The benchmark KSE-100 Index, a gauge to measure market performance, fellmore 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 beenexperiencing a bearish trend as investors are skeptical about the country’seconomic situation and global trends affecting the market.
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The KSE-100 index lost 4% of its value last week after investors fearedthat some of the stocks may be excluded from the MSCI emerging marketindex. This means Pakistani stocks, like HBL and Lucky Cement, which arepart of this global capital markets index, may not attract investorsanymore.
