PSX tumbles by over 2,900 points during intraday trade

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index sank by over 2,900 points during intraday trade on Wednesday. The KSE-100 index dropped by 2,939.51 points, or 1.58 per cent, to stand at 183,316.04 points at 1:34pm from the previous close of 186,255.55. On Tuesday, PSX snapped a five-day bullish streak, falling by over 1,100 points to settle below the 187,000-point mark as investors resorted to profit-taking following the market’s recent record-breaking rally. The reversal came aft...

By none@none.com (News Desk)