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 40 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 41816 points, indicating the continuation of the bearish trend.In May 2017, the KSE 100 index achieved its pinnacle at 53,103 points, but it has now declined to 41,816.43 points with a loss of Deficit points or 21.25 percent. Furthermore, the Pakistani Rupee’s value relative to the US dollar has plummeted significantly, dropping from 97.1196 at the close of December 2012 to 226.55 after a decade, resulting in a decrease of 129.43 PKR. This indicates that the US dollar has appreciated by 133.27 percent throughout this period.

This economic scenario is not favorable, and numerous analysts consider the Pakistan market to be undervalued, implying that positive news could potentially drive it to new heights. Nevertheless, there are several apprehensions about the economy’s long-term viability. These include the pressure of external payments, a burgeoning trade deficit, political instability, and uncontrolled inflation.

Despite the gloomy outlook, there is still optimism that the Pakistan market can rebound. However, policymakers and stakeholders must make a collective effort to tackle the fundamental issues impacting the economy. By implementing proper measures to reduce the trade deficit, stabilize the exchange rate, and control inflation, Pakistan can achieve sustainable economic growth and create a favorable investment atmosphere for domestic and foreign investors.

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