Pakistan Stock Exchange plunges sharply, down 800 points - Pakistan

Pakistan Inventory Change plunges sharply, down 800 factors – Pakistan

Economy By Aug 31, 2023 No Comments

The Pakistan Inventory Change continues to be within the grip of extreme despair. 100 index recorded a decline of 800 factors throughout buying and selling.

Pakistan Inventory Change additionally misplaced the restrict of 46 thousand factors, Hundred Index fell to 45450 factors. Traders say traders are cautious on account of rising inflation, greenback and rate of interest dangers.

However, in opposition to the US greenback, the Pakistani rupee grew to become a brand new report of depreciation.

In accordance with forex sellers, the greenback crossed Rs 305 for the primary time in historical past after the greenback elevated by one other rupee 30 paise within the interbank market. The greenback is buying and selling at Rs 305.75 in Interbank.

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