The Pakistan Stock Exchange hit a three-year low on Wednesday as the KSE-100 Index, a gauge to measure market performance, dropped by 550 points.
It closed at 36, 579 on Wednesday.
Recently, the World Bank predicted that the next two years are going to be tough for the economy and that Pakistan’s economic growth will slow to 2.7% in 2020. This was reinforced by the IMF, which predicted that Pakistan’s GDP growth rate will be reduced to 2.9 % while inflation and unemployment will go up.
Market capitalisation has dropped by Rs1.2 trillion since the PTI government came into power. On August 18, 2018 it was at Rs8.7 trillion and on Wednesday it was less than Rs7.6 trillion
Market capitalization is the market value of a publicly traded company’s outstanding shares.