PSX closes in negative as benchmark index down 8.4% in 2018

KARACHI: The Pakistan Stock Exchange closed in the red for the second consecutive year as the benchmark KSE-100 was down by 8.4 percent this year.

The KSE-100 lost 100 points today, the last trading day of 2018, and closed at 37,066.

The index lost 3,405 points in the year, while the value of shares stood at approximately Rs1 trillion.

Moreover, dollar increased by Rs28.36 (or 26%) this year against the rupee, closing at Rs138.86 on the last day of 2018.

Appreciation of dollar resulted in an increase in debt burden by Rs2,400 billion.