Decline in Pakistan Stock Exchange, index drops by 715 points

Karachi: The Pakistan Stock Exchange experienced a downward trend today, with the index falling by 715 points to close at 122,046 points.

The prevailing sentiment was predominantly selling, as investors aimed to secure profits, resulting in a decline in the index.

During today’s trading session, a total of 75 crore shares were traded, with a value exceeding 29 billion rupees. The market’s highest level was recorded at 123,417 points, while the lowest was 122,142 points.

Shares of 473 companies were traded today, with 200 companies seeing increases in their share prices and 237 experiencing decreases.

It is noteworthy that the previous day’s closing index was at 122,761 points, and the significant decline today reflects a rapid market correction.