PSX dips 243 points

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The Pakistan Stock Exchange (PSX) remained bearish in another low-volume session on Thursday, with the benchmark KSE-100 Index shedding 243.70 points (-0.53 percent) to close at 45,441.10 points.

The market opened on a negative note and remained in the negative territory for almost the entire session.

The negative sentiments stemmed from the speculations regarding hike in inflation owing to increase in prices of petroleum products, which kept the market down.

Moreover, investors remained cautious due to concerns over Russia-Ukraine tension, as the speculations regarding rising tensions again also dampened the market sentiments.

The KSE-100 Index moved in a range of 458.04 points, showing an intraday high of 45,716.89 points and a low of 45,258.85 points. Among other indices, the KSE All Share Index shed 165.5 points (-0.53 percent) to close at 31,143.02 points, while KMI All Share Islamic Index shed 117.76 points (-0.52 percent) to close at 22,477.57 points. TLTP

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