PSX: Selling returns, KSE-100 sheds over 300 points
Selling returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 300 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 171,929.43, down 303.08 points or 0.18%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies and OMCs. Index…
The Pakistan Stock Exchange (PSX) saw a sharp decline with the KSE-100 Index dropping over 300 points during the early trading session on Thursday. The index, which opened at 171,929.43, fell by 303.08 points or 0.18% to 171,929.43. This downturn was observed across key sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration companies, and OMCs.
Several index heavy stocks, including LUCK, HBL, MCB, MEBL, UBL, MARI, OGDC, PPL, PSO, and SSGC, traded in the red. Meanwhile, Prime Minister Shehbaz Sharif met with IMF Managing Director Kristalina Georgieva, discussing Pakistan's reforms and the IMF's support.
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