Karachi: Pakistan’s stock market witnessed a decline of 841 points in the index during one week.
According to media reports, the 100-index closed at 71,902 points with a continued market slump due to no decrease in interest rates. The State Bank maintained the interest rate at 22% while inflation hit its lowest level after May 2 with the inflation rate standing at 17.34% in April.
The report further highlighted that the inflation rate was 20.7% on March 24 and there was a 17% decrease in trade deficit during the current fiscal year’s ten months with a trade deficit of $19.5 billion.
