KARACHI: Even a one and a half percent decrease in interest rate could not end the negative sentiments in the Pakistan Stock Exchange for 7 sessions and on Tuesday, after the fluctuations, there was a bearish cloud, which also caused the psychological level of the index to fall by 73 thousand points.
61% share prices fell due to recession while another 99 billion 63 crore 77 lakh 97 thousand 105 rupees of investors were lost. It is worth noting that for the last two weeks, the business starts at a fairly brisk pace, but after a few hours, the market turns bearish as the tendency to seek immediate profits prevails.
Uncertainty in the capital market due to the IMF joining a new loan program on strict conditions and challenges facing the economy clouded the direction of the business. closed at the level of .Meanwhile in both the foreign exchange markets continued to increase the value of the dollar on Tuesday.
At the close of business, the interbank rate of the dollar closed at Rs 278 49 paise with an increase of 12 paise, while the value of the dollar closed at the level of Rs 280 33 paise with an increase of 18 paise in the open currency market. Apart from this, the price of 24 carat gold per tola increased by Rs. 1909 to Rs. 241300 and the price of gold per ten grams increased by Rs. 1629 to Rs. 206876.
