Summary PSX-100 index dropped below 37,000 points today
KARACHI (Dunya News) – Sharp decline of 473 points was recorded on the last day of week during trading hours at Pakistan Stock Exchange, reported Friday.
PSX-100 index dropped below 37,000 points today.
Investors were seen more interested in selling than buying shares which is why 100 index came down to 36,940 points.
According to analysts, collective value of shares dropped by Rs 90 billion while brokers said that traders were inclined towards selling owing to hiked share values in the recent days which caused the sharp decline in market.
On the other hand, last Friday the stock exchange made history as 100 index crossed above 37,000 points.
Experts had said then that low interest rate and investor-friendly policies in the federal budget 2016-17 were responsible for the growth.
