PSX tumbles by 281 points in one week


LAHORE (DNA) – The Pakistan Stock Exchange (PSX) index has lost 281 points in one week and closed at 42,505 points on Saturday.Following the election results, the entire focus of investors is on the economic policies of new government.The investors are looking forward how the upcoming government prevents foreign exchange reserves to collapse while reducing fiscal and trade deficits.

On the other hand, US have created hurdles for the new government considering loan option from International Monetary Fund (IMF).

Due to all these matters, investors have adopted a cautious behavior in PSX during the current business week.

During this time, investors have sold shares worth one crore and 46 lac dollar.

An increase of Rs54 billion was recorded in the worth of shares.