After last week’s ups and downs, Pakistan’s stock market was negative because the country’s economy had lost more than 17 billion dollars because of floods.
Even though Pakistan joined the IMF programme, its stock market remained unstable, and investors were disappointed that the dollar didn’t drop as much as they had hoped. Three of the five trading days last week were bearish, and two of the five trading days were mostly bullish. People pulled their money out of the economy because they were afraid that floods would hurt it.
Related: The dollar, pound, euro, and Saudi riyal continued to fly last week.
Because the market as a whole went down, investors lost another 66 billion 41 crore 54 lakh 50 thousand rupees. This brought the market’s total capital down to 70 trillion 44 bbillion,20 ccrore,27 llakh, and86 thousand 349 rrupees.
The 100 index ended the week at 42309.11, down 282.40 points, while the KSE 30 index ended at 15932.55, down 182.54 points. The KMI 30 index ended at 70094.67, down 304.79 points, and the KMI IPSX index ended at 21465.33, down 81.28 points.
