FLASHNEWS:

Karachi Stock Market Faces Downturn Amid Economic Uncertainty

Karachi, The Karachi Stock Exchange experienced a significant downturn, losing over 750 points during intraday trading due to uncertainties surrounding the upcoming budget and monetary policy announcements. The KSE-100 index closed down by 501 points at 73,253, with low investor participation evident from the traded volume of 351 million shares.

According to JS Global, the market's negative performance was influenced by investor caution amidst financial instability. The report highlighted that sectors like PASL, AMTEX, WTL, KEL, and FCCL led in traded volumes, yet overall market activity remained subdued. JS Global Capital advises investors to remain cautious and consider opportunities during market dips, indicating a potential strategy for navigating the current volatile investment landscape.