On the first day of Ramazan, the Pakistan Stock Exchange (PSX) witnessed a severe downtrend and could not maintain the limit of 65,000 points after falling over 1,000 points.
The PSX 100 index fell 953 points to close at 64801 points. Despite the formation of the federal government, the PSX 100 index remained under pressure.
Stock brokers said that investors tried to stay away from the investment and the market business activity remained lower than usual.
The stock market closed slightly lower after hitting a high of over 66,100 points earlier in the session. The KSE-100 shed 38.45 points or 0.06% to close at 65,755.31 points.
Experts said that stocks closed under pressure amid weak global equities and concerns about economic uncertainty.
Another aspect is uncertainty over the monetary policy announcement on March 18 and concerns over the outcome of newly elected government negotiations with the IMF.
