KARACHI: Bears kept a strong grip on the Pakistan Stock Exchange (PSX) on Thursday. When the benchmark index fell more than 2% because people worried about the country’s economy getting worse.
At the end of the day on the interbank market, the rupee was worth 305.54 dollars, which is 0.36% less than when the day began.
The KSE-100 index started falling as soon as trading started, and it dropped more than 1,700 points to fall below the 45,000 mark during the day. Weak investor confidence keeps the measure from moving into the positive.
At 2:54pm on Thursday, the PSX was at 44,475.06, down 1,769.49 points, or 3.83%, from Wednesday’s close of 46,244.55 points.
But the market got better, and by the end of the day it was just a little bit above the 45,000 mark.
