KSE – 100 Index falls below 38000 in intraday trade

Pakistan’s Stock Markets have seen it all in 2017; coming from highest to lowest with different variations of ups and downs.

KSE – 100 Index during the intraday trading has fallen below the 38000 points psychological level today. The index went below the 38000 points on 12^th of December, 2017, however, it bounced back at day close.

Today’s session saw index fall below 38000 level to touch an intraday low of 37992.92 points at 12:00.

Last time the index was below 38000 was on 4^th of July, 2016.

Pakistan’s Equities markets have suffered during the last two weeks from lack of participation from members amid the rising uncertainty over the future of markets. According to the yearly data, Pakistan is the worst performing stock market in the world.  

Foreign Corporates have offloaded more than 400 million in the last year as political uncertainty coupled with the weaknesses on external front have taken wind away from the markets.