Pakistan Stock Exchange loses over 1,200 points owing to selling pressure
The Pakistan Stock Exchange experienced a sharp decline as trading resumed after the holidays. The benchmark KSE-100 suffered a correction, falling by almost 1,200 points after breaking all previous records.
All sectors experienced selling pressure as the market entered a correction phase. However, experts consider this correction to be healthy and temporary, predicting that the market will rebound soon due to a positive outlook.
Amid the recent market downturn, equities in South Asia performed exceptionally well and provided significant gains of over 50%, outperforming other major asset classes.
In international market, Asian stocks traded cautiously as investors were still analysing fresh data that showed US prices plunged last month for the first time in more than 3 years.
In the international market, Asian stocks traded cautiously as investors analyzed fresh data that showed US prices had plunged last month for the first time in over three years.