KARCHI : — The Pakistan Stock Exchange lost Rs1.2 trillion in the second month of 2023, bringing the total finance of the PSX to Rs62.7 trillion, up from 63.9 trillion before.
In February 2023, the dollar lost Rs six when compared to the rupee, causing the interbank dollar rate to fall to Rs262 from Rs262.
The drop in the value of the dollar had an impact on the PSX. PSX’s overall volume grew from $23.8 billion to $23.9 billion. As a result, the rupee’s value gain in February raised PSX volume by $11 million.
In February, the PSX SE 100 index fell 163 points to 40,510, while the KSE 30 index fell 3 points to 15,187.
On February 10, the KSE 100 index fell 725 points, costing investors Rs83.8 billion. On February 9, however, investors made a profit of Rs1.1 trillion.
It’s worth noting that investors lost Rs44.1 billion on the final day of February 2023, when the KSE 100 index fell 274 points.