The Pakistan Stock Exchange (PSX) experienced a decline on Tuesday, with the KSE-100 index losing 719.12 points, or 1.12%, to stand at 63,550.25. The market is facing uncertainty due to the upcoming elections, but positive developments such as reduced petrol prices and a strong Pakistani rupee are expected to help mitigate inflation in the coming months. However, the prevailing political situation is causing a temporary pause in the market, giving investors a chance to reassess. Attention will be focused on the evolving political landscape as it influences the market’s short-term trajectory. Pak Suzuki Motor Company (PSMC) was noted as a main player in the decline, trading lower than market expectations, and its buy-back prices affected investor confidence at the exchange. Mark-to-market losses in PSMC also had an impact on other stocks. The uncertainty in the market is prompting a temporary pause, providing the market with an opportunity to recalibrate.

>Source link>

>>Join our Facebook Group be part of community. <<

By hassani

Leave a Reply

Your email address will not be published. Required fields are marked *