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PSX: Selling at bourse, down nearly 500 points
Selling was observed at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 Index shedding nearly 500 points during the opening minutes of trading. At 10:15am, the benchmark index hovered at 170,299.24, down 465.98 points or 0.27%. Key sectors saw selling, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, and OMCs. Index-heavy stocks, including HUBCO, MARI, OGDC, PPL, PSO and HBL, traded in the red. In a key development, Adviser to the Finance Minister Khurram Schehzad said on Sunday that Pakistan had discussed potenti...
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