Bears return to PSX as 100-index sheds 888 points in intraday trading
The Pakistan Stock Exchange (PSX), after staging a brief rally in the previous session, experienced another slump on Wednesday, with its benchmark KSE-100 Index losing 888 points in intraday trading — a loss of two per cent...
The recent bearish trend followed the State Bank of Pakistan's (SBP) decision to raise key lending rate by 150 basis points (bps) to 10 per cent as well as a fall in the value of the rupee last Friday...