KSE-100 index reaches 80,592 points as stocks plummet
Business
After losing 699 points, the KSE-100 index stood at 80,592 points.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Monday witnessed a downward spiral at the start of week’s trading.
After losing 699 points, the KSE-100 index stood at 80,592 points.
It must be noted that the PSX had witnessed a rise in of 114 points in the last day’s trade during the last week which couldn’t last long and the KSE-100 index reached 81,292 points after losing 365 points.
Stocks on history-making spree after IMF loan approval
The eagerly-awaited approval of a $7 billion loan by the International Montetary Fund (IMF) and Prime Minister Shehbaz Sharif's glad tidings created a positive impact on the Pakistan Stock Exchange (PSX).
On the fourth day of the trading week (Thursday), the PSX opened with an increase of 472 points, taking the KSE-100 index to an all-time high of 82,720 points.
The PSX continued to witness bullish trend in the last couple of days, with the KSE-100 index touching historic highs after breaking 82,000-point barrier.
