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Thursday, November 28, 2024

Home Business PSX under dark clouds as KSE-100 plunges over 1,600 points

PSX under dark clouds as KSE-100 plunges over 1,600 points

by Our Correspondent
December 26, 2023
in Business, Top News

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KARACHI – The Pakistan Stock Exchange (PSX) extended losses on Tuesday as the benchmark 100-index plunged over 1,600 points during intraday trading on Tuesday.

As of 1:37pm, the benchmark index dipped to a low of 60,061.54 points during the intraday trading, down by 1,643.55 points or 2.66%.

It comes as investors have adopted dump and run approach with some opted to book profit in various sectors, which resulted in the market falling in the red.

Experts believe that the PSX would make a rebound in January 2024.

More to follow…