The worst year for the Pakistan Stock Exchange's business operations was 2022 because share trading was still negatively impacted by the country's political unrest and various economic conditions.
The 100 indexes decreased by 4175.62 points overall in 2022, ending the year at a level of 40420.45 points.
By 2022, investors had lost more than 11.83 trillion rupees as a result of the overall decline, bringing the market capital down to 65 trillion 82 crore
78 lakh 17 thousand 421 rupees. 39844.02 points were the value assigned to the 100 indexes' lowest level.
Additionally, due to the nation's financial crisis, political unrest, and repeated delays of the IMF program, the value of the rupee in the open market was recorded in 2022, whereas the value of the rupee against the dollar in the interbank market decreased by a total of 28.3%. decreasing by 31.9%
The rupee was also in free fall and other important foreign currencies like the pound, euro, dirham, and Saudi riyal were being traded heavily. the dollar's value in the open currency market rose by 57 rupees to close at 235.50 rupees, while the exchange rate remained unchanged.
The dollar's value in rupees fell to 174.47 on February 7 and rose to 239.94 on July 28 in 2022, respectively.
Local gold prices hit record highs in 2022 due to a rising dollar, and some people and organizations artificially inflated the price of gold by speculating on it in response to rumors and unstable economic conditions. Bullion management also made the decision to halt the volatile gold market for a day due to gold speculation. In 2022, the cost of gold per tola rose to its highest level, rising by Rs. 184,100.
On the other hand, following fluctuations, the price of gold dropped from $1820 in 2021 to $1818 in 2022 on the global market.
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