Pakistan Share Market Crash
After the failure of peace talks between Iran and America, there was a decline in all the stock markets of the world on Monday. In India too, Sensex and Nifty declined by about one and a half percent, but the biggest and biggest impact is being seen in Karachi Stock Exchange of Pakistan. Karachi Stock Exchange has seen a decline of more than 4 percent. Due to which Pakistani investors have suffered a loss of more than Rs 78 thousand crores. If experts are to be believed, Pakistan’s stock market may see further decline in the coming days. Earlier on Wednesday last week, the biggest rise of more than 12 thousand points was seen in KSE. Then Trump had announced ceasefire and later it was revealed that Pakistan was trying to play an important role in peace talks between Iran and America. Let us also tell you what kind of figures are being seen in Karachi Stock Exchange.
karachi stock exchange collapses
The Karachi Stock Exchange appeared to be crashing on Monday. If we look at the data, KSE witnessed a decline of more than 7 thousand points during the trading session and reached the lower level of the day at 160,158.92 points. A day earlier, KSE was at 167,191.38 points. However, at 3:30 pm, KSE is trading at 160,801.83 points with a fall of about 6400 points. However, till 10th of April, KSE had seen a rise of 18,448.07 points i.e. 12.40 percent. On Wednesday, an increase of more than 12 thousand points was seen in KSE. Whereas on March 31, KSE closed at 1,48,743.31 points.
huge loss to investors
Due to this crash of KSE, investors have suffered huge losses. If we look at the data, when KSE closed on April 10, the total market cap was $ 66.58 billion, which has come down to $ 63.78 billion during the trading session. This means that investors of Karachi Stock Exchange have suffered a loss of $2.8 billion. If we calculate it in Pakistani rupees then it is seen to be more than Rs 78 thousand crores. This means that this is no less than a big loss for poor Pakistan.
Sensex and Nifty also fell
On the other hand, in terms of points and percentage, there was a much lesser decline in the Indian stock market compared to Pakistan. Bombay Stock Exchange’s main index Sensex fell by about 703 points and closed at 76,847.57 points. Whereas during the trading session, a fall of 1,681.93 points was seen in the Sensex. Whereas the main index of National Stock Exchange, Nifty also saw a big decline. If we look at the data, Nifty fell by 207.95 points to 23,842.65 points. Whereas during the trading session, there was a decline of about 500 points in Nifty and the figure stood at 23,555.60 points.
