Karachi: The psychological level of 61,000 points fell due to a sharp decline in the Pakistan Stock Market.
After the public holiday on the birth anniversary of Father of the Nation Quaid-e-Azam Muhammad Ali Jinnah in the country, on the first day of the business week, there is a trend of severe bearishness in the share market. Trading on the PSX opened with a fall of 467 points, down 100 points to 61237 points.
Later, the bearish trend continued in the Pakistan Stock Exchange and the index gradually fell by 1,519 points to below the psychological level of 61,000 points, leaving the KSE 100 index at 60,185 points.
Meanwhile, in the interbank market, the value of the dollar fell by 42 paise to Rs 282 10 paisa against the rupee till Tuesday morning.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));