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Pakistan’s stock market significantly plunges amid increase in policy rate

november 28, 2022by Reacties uitgeschakeld voor Pakistan’s stock market significantly plunges amid increase in policy rate

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ISLAMABAD, Nov. 28 (Xinhua) — The Pakistan Stock Exchange significantly plunged in the first trading session of the week on Monday, which was largely attributed to the central bank raising the policy rate by 100 basis points to 16 percent Friday evening.

The Pakistan Stock Exchange’s benchmark KSE 100-Index moved down by 2.06 percent or 865.80 points to close at 42,071.34 points on Monday when compared with 42,

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