Pakistan Stock Exchange (PSX) loses 820 points today

KARACHI: Following the current bullish trend on the Pakistan Stock Exchange (PSX), the bears took over the market on Monday as the KSE 100-Index sunk by 820 points at the start of the first business day of the week.

The 100-index benchmark has lost 42,000 and is trading at 41,502 levels. While the KSE 100 index of Pakistan Stock Exchange crossed 42,480 points on Thursday with a positive change of 1,080.76 points.

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A total of 412,354,330 shares were traded compared to Wednesday’s trading of 330,740,610 shares, whereas the value of the day traded shares were Rs 17,057 billion.

Meanwhile, today’s number of 380 transacted shares of companies in the stock market, 297 of which had reported benefit and 72 suffered losses, while the share price of 11 firms remained unchanged.

After Bloomberg, the international economic journal in its November 20 report, called Pakistan stock as ‘world-beating,’ Pakistan’s strong economic indicators were endorsed.

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Foreign investors have bought $64 million of the nation’s stocks this year, set for the first annual inflow since 2014, according to Bloomberg’s survey.