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PSX: selling continues, KSE-100 down nearly 500 points
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 500 points during the opening minutes of trading on Wednesday. At 10am, the benchmark index was hovering at 164,293.10, down 483.34 points or 0.29%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refineries. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, MCB and UBL, traded in the red. On Tuesday, PSX closed lower as profit-taking at higher levels ...
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