Pakistan Stock Exchange (PSX) has seen a negative trend as KSE 100 Index drastically fall below in intra day trading on Monday (today).
In PSX, KSE 100 Index dropped by 906.5 points to 41,097.59 points in intra day trading today. However, the decline was observed after the news of no announcement from China regarding the financial assistance.
Today, KSE 100 Index jumped down to the intra day low of 41,096.33 points as hopes end about some financial assistance from China as it is expected.
The stock market gained over 1,400 points in a single week. However, since April, it is a first time that all 5 sessions of week ended on a positive note.
According to financial analysts, the declining stock market revived due to the PM Imran Khan visit to Saudi Arabia. However, he managed to get the $6 billion loan from Saudi Arabia.
Investors were also expecting a similar aid from China and UAE.