The Pakistan Stock Exchange (PSX) turned bearish in a low-volume and range-bound session on Thursday amid political uncertainty, with the benchmark KSE-100 Index shedding 168.46 points (-0.38 percent) to close at 43,807.23 points.
The PSX opened on a positive note and crossed the 44,000-point psychological level within 15 minutes; however, later the market started crawling downwards due to lack of major triggers and trading activity and this downward activity continued slowly throughout the session. The political instability in the country dented the investors’ confidence.
On the other hand, the Pakistani rupee plunged to all-time lowest level.TLTP
of 180.07 against the US dollar during the day – setting forth low in four days – smashing the investors’ confidence further. The rupee has set five all-time record lows against the American currency since last week. TLTP
