Worst downturn in the stock market, sinking more than 3 trillion, the dollar more expensive

 
The Pakistani stock market recorded its worst slump, with investors suffering a loss of over three trillion rupees due to the severe slump, while the US dollar also touched an all-time high against the rupee.

According to data released by the State Bank of Pakistan's social networking site Twitter, the dollar rebounded against the rupee at the Interbank Foreign Exchange during the first four trading days of the week, with the US currency appreciating by 94 paise. Gaya and the price has increased from 175 rupees 48 paise to 176 rupees 42 paise.

The rupee has depreciated by 12% since the beginning of the financial year. Since July 1, the dollar has risen by 18 rupees and 88 paise.

On the other hand, in the open market, the US dollar became more expensive by 40 paise and the price reached an all-time high of Rs 178.

On the other hand, Pakistan stock market recorded the biggest decline of the year, the 100 Index recorded a decline of 2134.99 points and the psychological threshold of 45 thousand and 44 thousand fell and the 100 Index closed at 43234.15 points.

During the whole trading day, a record decline of 4.74 was witnessed due to the sharp decline in business while 21 crore 26 lakh 45 thousand 343 shares were traded during the trading session.

Due to the severe downturn, investors had to bear a loss of more than Rs 300 billion in the Pakistan stock market.

Experts say the ongoing gas crisis in the country, unrest in the industrial sector and the omi-cron virus in Europe have led to increased withdrawal of capital by foreigners and increased pressure on local investors to make a profit, and the State Bank of Pakistan The Pakistan Stock Exchange (PSE) remained in a slump after fluctuations due to rising interest rates.

According to economists, falling crude oil prices in the global market, due to fears of a new type of corona overseas sanctions are falling markets around the world, which has affected the market shares.