PSX on Tuesday lost over 850 points due to which the investors had to bear loss of billions.


Karachi: The Pakistan Stock Exchange (PSX) on Tuesday lost over 850 points due to which the investors had to bear loss of billions.
The investor trust has been harmed in part because of the ongoing demonstrations against the excessively high electricity bills, as it is now considerably more challenging to collect the debt owed by power distribution companies.
Because of this, the energy sector is leading the market downturn, but commercial banks, cement, chemicals, and the automotive industry are also under pressure.
No relief from inflation, on the other hand, is one of the factors contributing to fear since, if this trend continues, there will be no improvement in the cost of production, the cost of conducting business, or the level of domestic consumption.
The KSE-100 Index has so far during the session slid to a low of 46,598.23 and a high of 47,372.08, indicating that the market is now below the 46,000 thresholds.
The KSE-100 Index had a Monday closing value of 47,478.61.

Run at history: Kipyegon eyes historic sub-4 mile
- 8 hours ago

Bethesda confirms Oblivion remaster’s imminent reveal
- 11 hours ago

CJCSC, SCO's Exec Director discuss regional security, counter-terrorism
- 6 hours ago

Magnitudes of 4.9, 5 earthquake jolt Balochistan's Zhob, KP's Swat
- 9 hours ago

At least four killed, 500 injured in Iran port explosion: state media
- 10 hours ago

T-Mobile is shuffling its high-end plans
- 11 hours ago

Karachi Inter exams scheduled on April 28 postponed
- 11 hours ago

Approval to operate ‘Air Punjab’, bullet train projects
- 10 hours ago

Will the next pope be liberal or conservative? Neither.
- 9 hours ago
If India is expelling Pakistanis, why not Adnan Sami, Fawad Ch questions
- 10 hours ago

Pinterest is prompting teens to close the app at school
- 11 hours ago
Allama Iqbal Express carriages derail in Kotri
- 8 hours ago