PSX: Market heading south, losses 364 points

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The bears took control of the week’s trading day as the bulls lost their momentum. Despite significant selling, the market remained bearish, resulting in a loss of 364 points and causing investors to become cautious. The negative session left them feeling jittery due to the selling of major stock leaders, and the KSE 100 index stands at 41329 points, indicating the continuation of the bearish trend.The KSE 100 index, which reached a high point of 53,103 in May 2017, has now decreased to KSE100 points with a loss of Deficit points or 22.17 percent. The Pakistani Rupee has also suffered a significant decrease in value against the US dollar, dropping from 97.1196 at the end of December 2012 to 226.55 after ten years, resulting in a loss of 129.43 PKR. This means that the US dollar has appreciated by 133.27 percent during this period.

As a result, the economic situation in Pakistan is not promising, and many analysts believe that the Pakistan market is undervalued. They suggest that positive news could potentially boost the market to new heights. However, the economy’s long-term viability is uncertain, with external payment pressures, a rising trade deficit, political instability, and uncontrolled inflation being among the major concerns.

Despite the challenges, there is still hope that the Pakistan market can recover. To achieve this, policymakers and stakeholders must work together to address the underlying issues affecting the economy. Reducing the trade deficit, stabilizing the exchange rate, and controlling inflation are some of the necessary measures that must be implemented. These actions can lead to sustainable economic growth and create a conducive environment for local and foreign investors.

Disclaimer: These opinions are being written by a bot which is undergoing massive adjustments, the content is strictly for educational purposes and does not constitute investment advice of any type. Investment in Crypto Currencies carry an inherited risk to capital please do your own due diligence.

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