Big news has come out from Karachi, Pakistan on Tuesday.
After Delhi blast, big news is coming out from Pakistan. There is such chaos in Karachi, which was not seen for the last 4 weeks. In fact, the biggest decline has been seen in Karachi Stock Exchange after almost a month. The most important exchange of Pakistan Stock Market has seen a decline of more than one and a half percent. By the way, this is the biggest fall in the Karachi Stock Exchange in the month of November and the fall has been seen for the fourth day. After two consecutive days of rise, there has been a big fall in Pakistan’s stock market. Due to this decline, Pakistan’s investors and stock market valuation have suffered a loss of about Rs 32 thousand crores. Let us also tell you what kind of figures are being seen on the Karachi Stock Exchange.
chaos in karachi
There was tremendous chaos in the Karachi Stock Exchange on Tuesday. Talking about the figures, Karachi Stock Exchange has seen a decline of 1.61 percent i.e. 2,610.03 points during the trading session. After which the exchange came to the lower level of the day with 1,58,928.38 points. The biggest decline has been seen in the Karachi Stock Exchange after October 13. That day the exchange closed at 158,443.42 points with a decline of 2.85 percent. However, on Tuesday the exchange opened with a slight fall at 161,468.13 points. During the session, the exchanges fell to the day’s low of 158,928.38 points. At 3:07 pm, the exchange is trading at 159,503.70 points with a fall of 2,034.71 points.
Loss of about Rs 32 thousand crores
Due to this decline, the valuation of the exchange or rather the investors of Pakistan have suffered huge losses. Talking about the figures, a day earlier the valuation of Karachi Stock Exchange was seen at 70.15 billion dollars, which came down to 69.02 billion dollars on Tuesday. This means that investors have lost more than $1 billion. If it is measured in Pakistani rupees then it is around Rs 32 thousand crores. Which is a big news. If experts are to be believed, Pakistan’s stock markets may see further decline in the coming days.