PSX continues bearish trend, sheds 796 points

Staff Reporter

Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index shed 796.48 points to close at 44,948.52 on Tuesday as the uncertainty surrounding the recently announced agreement with the International Monetary Fund (IMF) dampened investor sentiments.

The market opened on a positive note to reach an intraday high of 45,915.61, a rise of 170.61 points, within the first hour of the session, only to follow it up with a bearish trend for the rest of the day.

The index fell to an intraday low of 44,881.15, a slump of 863.85 points, after 3pm and then gained slightly to close 796 points in the red.

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