It happens every couple of years. The Stock Exchange Index gradually increases for a few months, then there is a minor crash, then shares rebound and the cycle is repeated. This time, however, the crash is huge (from 190,000 to 160,000) and no one can explain why this is happening.
One reason could be (and probably is), the daily suicide attacks in KP and the bombing of Afghanistan. This war has been going on for a long time, as about 40,000 terrorists were allowed to enter Pakistan by Imran Khan, and they are wreaking havoc.
Another reason could be the impending attack on Iran by the US. If this happens, and Iran retaliates with attacks on neighboring countries, it will be the Third World War (which, by the way, has already begun, according to Ukraine President Zelensky).
There is another explanation that I heard on Twitter. It seems that whenever there are signs that Imran Khan is about to be released from jail, the market goes down. The man said that even though some businessmen voted for Imran in elections, they are scared that once he is let loose, he will again destabilize the country.
Whatever the reason, I'm glad I got out of the share market about sixteen years ago, as I needed money to buy my present apartment.
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