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PSX: selling at bourse, KSE-100 sheds nearly 400 points in early trade
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 400 points during the opening minutes of trading on Thursday. At 9:39am, the benchmark index was hovering at 165,534.37, down 396.61 points or 0.24%. Key sectors saw selling, including automobile assemblers, cement, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, PSO, SSGC, SNGPL, HBL and UBL, traded in the red. On Wednesday, PSX rebounded as renewed institutional buying, optimism over diplomat...
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