PSX loses 2,000 points during intraday trade as bearish momentum persists

PSX loses 2,000 points during intraday trade as bearish momentum persists

The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by over 2,000 points during intraday trade. The KSE-100 index declined by 2,171.16 points or 1.31 per cent to stand at 163,424.91 points from the previous close of 165,596.07 points. Most Asian indices were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices…

PSX falls over 2,000 points as bears continue to rule amid global tensions

The Pakistan Stock Exchange (PSX) came under sharp selling pressure on Monday as negative momentum persisted, with the benchmark KSE-100 index declining by more than 2,000 points during intraday trading. At 1:04pm, the KSE-100 index stood at 163,088.30 points, down 2,507.77 points or 1.51 per cent from the previous close of 165,596.07 points. In another […] The post PSX falls over 2,000 points as bears continue to rule amid global tensions appea…

PSX extends losses as oil surge, IMF concerns weigh on investors

KARACHI: Pakistan’s stock market remained under heavy selling pressure on Monday as rising global oil prices, inflation fears, and concerns linked to the country’s IMF commitments dampened investor confidence. The benchmark KSE-100 Index at the Pakistan Stock Exchange closed at 161,613.51 points, registering a decline of 3,791.05 points, or 2.29 percent, compared to the previous session’s close of 165,596.07. During intraday trading, the index t…

Bearish start for PSX as market loses over 900 points

The Pakistan Stock Exchange (PSX) began the week on a negative note as the benchmark KSE-100 Index fell over 900 points during the early trading on Monday. At 10:57am, the benchmark index was trading at 164,674.91, a decline of 921.16 points or 0.56%. During the previous week, Pakistan’s stock market remained under strain, with the benchmark KSE-100 Index falling 3.2%, or 5,519.75 points, to close at 165,596.06. Investor sentiment stayed weak am…