KSE-100 merely slowing down after climb

KSE-100 merely slowing down after climb

It has been less than six weeks since the KSE-100 index touched its peak levels of 170,000, and it has only fallen by about 6-8% since then. Yet investors have already started jittering, panicking, and losing hope. People conveniently forget that the market is up nearly 60% in the last five months and more than 100% in the past 12 months before finding a new level that reflects its long-term "valuation" range of around 8x price-to-earnings (P/E)…