Pakistan Stock Exchange plunges to lowest level in four years | GNN HD News GNN - Pakistan's Largest News Portal

Pakistan Stock Exchange plunges to lowest level in four years

Pakistan Stock Exchange plunges to lowest level in four years
Karachi: The Pakistan Stock Exchange hit a four-year low on Thursday as the KSE-100 Index, a gauge to measure market performance, dropped by 633 points.

As the day start, the KSE-100 Index dropped to 29,637.

According to details, as the stock exchange opened today, the KSE-100 Index dropped by 633 points, hitting a four-year low.

On Wednesday, the KSE-100 Index dropped by 723 points after which the market was closed at 30, 277.

Previously, the the KSE-100 Index hit record lowest in March 2015.

On August 27, 2018, the PSX was at 42,873. The PTI government came into power on August 18. Since then, it has dropped 6,200 points.

Market capitalisation has dropped by Rs1.2 trillion since the PTI government came into power. On August 18, 2018 it was at Rs8.7 trillion and on Wednesday it was less than Rs7.6 trillion

Market capitalization is the market value of a publicly traded company’s outstanding shares.