Stock Market: All-Time Highs: IA Hashmi

 

In the Pakistan Stock Exchange on Monday, for the first time in the country's history, the 100 index touched a high level of 100,300 points. After crossing the psychological threshold of 100,000, the continuous bullish trend in the market shows that the recent political events taking place in the country. The business community was not too alarmed by the events, only one day the stock market crashed. Due to the political situation and rumors seen on Tuesday, November 26, large-scale capital withdrawal appeared and the KSE 100 index dropped to 3500 points at the rate of 3.57 for the first time in history. 77.85% of the companies' shares decreased, the investment value was 481 billion 26 crore rupees. There was a big decrease in the number of farmers, the business volume also decreased by 74.35%.

These statistics It is clear from this that if the situation causes even one day of fear for the business class, then how much the country suffers. On Wednesday, November 27, when the political information was cleared, the reaction of the investors was shown in the form of a big jump in the market. The Hundred Index crossed five psychological levels at the same time. Share prices of 78.58% of the companies rose. The investment value also increased by more than 525 billion 53 crore rupees. While the performance before Tuesday, it recovered again on Wednesday and set new records every day.

This performance is a reflection of the confidence of the business community which is being boosted by lower inflation rates, lower interest rates and other positive indicators. This performance of the stock exchange is also a sign and an expression of the fact that the country's economy is moving in the right direction. Lower inflation and further reductions in interest rates are paving the way for industrial recovery and expansion, which will help in removing unemployment and improving the conditions of the people.