Pakistan Stock Exchange Plunges Amid Oil Spike, Rate Hikes
The Pakistan Stock Exchange (PSX) experienced a sharp decline, plunging over 4,700 points in early trading. The market downturn was attributed to an oil price spike and recent interest rate hikes, with bears maintaining control.
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PSX plunges over 4,700 points as bears maintain control
Bears continued to dominate the trading floor at the Pakistan Stock Exchange (PSX) on Thursday as the KSE-100 plunged by over 4,700 points during intraday trade. KSE-100 declined by 4,786.92 points or 2.89 per cent to stand at 161,036.95 points from the previous close of 165,823.87 points. PSX remained under selling pressure for a third consecutive session on Wednesday, as investors stayed wary of the economic outlook and corporate earnings disappointed expectations. Rising global oil prices ...
By none@none.com (News Desk)
Read full article →PSX plunges over 4,800 points during early trading hours
KSE-100 index witnesses intraday high of 164,357.47, a low of 160,391.18, reflecting significant volatility in session
By Our Correspondent
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