Summary Dismal figures were seen the last week as well
KARACHI (Dunya News) – Pakistan Stock Exchange (PSE) has started the week on the down side, Dunya News reported Monday.
PSE-100 Index has dropped below 1,200 points today. At one point in time, the business was seen at the lowest 29,784 points.
In the last week also, the trading business maintained low figures when 1,533 points were squeezed out.
According to stocks experts, the Pakistan exchange is facing the aftermath of dismal performance of Asian markets. On the other hand, oil and gas sectors are also heading downhill owing to falling oil prices in international market.
In the first week of the PSE, after exchnages in Islamabad, Karachi and Lahore were merged, 1,533 points plunge was witnessed.
The week ended with 31,001 points, on January 16.
January 14 had marked the lowest day of the week as 100-Index dropped by two percent, 713 points. The business, on Saturday saw a plunge of 439 points. Sources privy to the Securities and Exchange Commission of Pakistan (SECP) had said that few brokers have been served notices.
On January 11, a grand launch of the Pakistan Stock Exchange was organised in the federal capital. The ceremony was organised by the then Karachi Stock Exchange and Securities and Exchange Commission of Pakistan.
Experts welcomed the decision terming it a growth-bearing development. They further said that investors would have a wider reach as Pakistan Stock Exchange has better international links.
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