While the Bombay Stock Exchange closed down nearly 3 per cent. On the other hand, a stock market stopped for one hour. We are talking about Karachi Stock Exchange here. Which broke up to 8 thousand points during the business session and then the business was stopped for one hour. In fact, Trump’s tariff has been seen more on Pakistan in India. Due to which Pakistan’s stock market has seen a decline of more than 3 percent. Let us also tell you what kind of fate of India as well as Pakistan’s stock market has seen.
Pakistan’s market stopped breathless
The business was postponed for one hour due to a fall of more than 8,000 points in the Benchmark KSE-100 index on Monday at Pakistan’s stock market (PSX). Financial analysts blamed the possibility of global recession for a steep fall in the stock market. Even after a one -hour adjournment period, PSX declined by 2,000 points when the business resumed, resulting in a record 8,600 points in the day. The index closed at 1,14,909.48, declining 3,882.18 or 3.27 percent from the previous closed level.
Why the business closed
Financial analyst of Arif Habib Securities Uzma Khan said that the automatic circuit breaker (the highest or lowest limit of business that stops or grow further when the business is stopped for a certain time) is designed to prevent nervous selling and give investors a time to revaluish during excessive market volatility. He said that investors are concerned about the global recession due to the US fee and retaliation by other global economies.
The benchmark KSE-100 index had fallen by 6,287.22 points or 5.29 percent by 11:58 am, after which the business was stopped. Shortly after the re -opening, it fell at 1,10,103.97 at 1,10,103.97 at 1:15 pm. At 2:02 pm, the index was at 1,13,154.63 points, which was 5,637.03 or 4.75 percent below the previous bandh.
India’s stock market also declines a big decline
On the other hand, India’s stock market saw a big decline on Monday. Due to which 14 lakh crore rupees of market investors were drowned. BSE’s 30 -share standard index Sensex lost 2,226.79 points, or 2.95 percent, closed at 73,137.90 points. At one time during the trading, it dives 3,939.68 points to 71,425.01 points. Smallcap index of small companies on BSE also lost 4.13 percent, while midcap recorded a decline of 3.46 percent.
The effect of this all -round decline was that the total market capitalization of companies listed on BSE declined by Rs 14,09,225.71 crore to Rs 3,89,25,660.75 crore ($ 4.54 million) in the same trading session. However, in the last hour of trading, the loss of investors declined due to purchases at a lower level. The loss of investors in the afternoon business reached Rs 20.16 lakh crore. 3,515 shares listed on BSE declined, while 570 shares rose and there was no change in the price of 140 shares.