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    After the downturn in the stock market, investors lost 17 billion

    After the downturn in the stock market, investors lost 17 billion

    Karachi: Despite other positive news including the finance minister’s approach to the IMF for another major program, the Pakistan Stock Exchange remained bearish after volatility on Friday.

    In this way, the continuation of the new records of highs made in the last 4 days was broken, 55% of the share prices fell due to the slump, while 17 billion 66 crore 58 lakh 52 thousand 175 rupees of the investors were sunk.

    Investor confidence on the current economic team’s strategy, full implementation of the IMF’s reform agenda and positive sentiments remained bearish on Friday, mainly due to rising oil and gas OMCs and the cement sector. There was profit taking.

    The Finance Minister’s announcement to privatize PIA and outsource all airports by June also led to a 166-point rally at the start of business, but the trend of immediate acquisitions turned into a bearish trend, which at one point reached 320 points. The decline in the index had also brought down the psychological level of 67000 points, but in the closing moments, the intensity of the decline was reduced due to increased buying activity of the shares that came at lower prices.

    As a result, KSE 100 index closed at 67005.11 points with a decrease of 137.02 points, KSE 30 index decreased by 68.53 points to 22021.47 points, KMI 30 index decreased by 221.16 points to 112364.01 points. On the contrary, KMI All Share Index closed at 31562.81 points with an increase of 7.09 points.

    The business volume was 26 percent lower than Thursday and a total of 31 crore 30 lakh 35 thousand 305 shares were traded, while the scope of business activities was limited to the shares of 343 companies, in which 136 increased in price, 188 decreased in price and 19 in price. I was stable.

    Among the companies whose share prices increased significantly, the price of Hoist Pakistan increased by Rs. 70 to Rs. 1300 and the price of Pakistan Tobacco Company Limited increased by Rs. 42.95 to Rs. 1122.95 while the price of JDW Sugar Mills decreased by Rs. 15.50 to Rs. 452 and Mahmood. Prices of textile mills fell by Rs 10.97 to Rs 383.03.

    For More Detail www.express.pk

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