PSX falls below 82,000 after bearish day
The KSE-100 Index of the Pakistan Stock Exchange (PSX) has experienced a decline of 415 points, settling at 81,600.
Profit-taking continued at PSX today, causing the index to fall below the 82,000 mark during trading.
The recent bullish trend has come to an end, with investors opting to sell shares at attractive levels, resulting in a negative market sentiment.
This follows last Friday’s closure, when the index stood at 82,074 points.
The US dollar saw a decrease of 14 paisa in the interbank market today, reducing its price to Rs277.70.
This follows a closing value of Rs277.84 at the end of last week’s trading session.
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Shares at the Pakistan Stock Exchange (PSX) had reached a historic high during intraday trading on Friday, with the KSE-100 index surpassing the 82,300 mark.
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