PSX sheds 174 more points

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The Pakistan Stock Exchange (PSX) remained bearish for the second consecutive day on Wednesday amid Pakistani rupee’s depreciation to a record low against the US dollar, with the benchmark KSE-100 Index shedding 174.62 points (-0.37 percent) to close at 46,716.72 points.

The market opened on a positive note but remained positive for a few minutes only and then switched towards the red zone following the rupee’s depreciation that hit an all-time low against the greenback.—TLTP

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