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PSX: selling at bourse, KSE-100 down over 800 points
Selling was observed at the Pakistan Stock Exchange (PSX) amid expectations of a policy rate cut by the Monetary Policy Committee, which is expected to meet today, with the benchmark KSE-100 Index shedding over 800 points during the opening minutes of trading on Monday. At 9:50am, the benchmark index was hovering at 161,542.30, down 832.57 points or 0.51%. Key sectors observed selling pressure, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refineries. Index-heavy stocks, including HUBCO, OGDC, MARI, PPL, HBL, MEBL and N...
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