According to the PSX website, at the start of trading, the 100 Index was at 43,486.46 points, but soon saw a decrease of 806.95 points. There was a decrease of 2.55 points.
The trading day ended with a loss of 81,914 points or 1.88%.
The decline comes as Finance Minister Muftah Ismail announced yesterday that the government was not “currently” raising petrol prices, but that the International Monetary Fund (IMF) had come to revive the debt program. This was an important precondition set by the IMF.
Meanwhile, the US dollar has reached new highs against the rupee, reaching Rs 194 at the start of the business week, with analysts expressing concern over the country’s rising import bill.
It should be noted that when the PML-N-led coalition government came to power on April 11 last month, the value of the dollar against the rupee was 182.3 rupees, since then the rupee has lost 11 rupees 40 paise or 6.2 percent.