PSX plunges 601 points

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The Pakistan Stock Exchange (PSX) turned bearish on Monday due to expected downgrading of Pakistan from Emerging Market Index to Frontier Market Index, with the benchmark KSE-100 Index shedding 601.01 (-1.26 points) to close at 47,002.35 points.

The market opened on a negative note and remained in the red zone throughout the session that was fuelled by consistent profit booking activity.

The Index traded in a range of 763.5 points, showing an intraday high of 47,665.8 and a low of 46,902.3. —TLTP

 

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