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Bloodbath at PSX as 100-index falls by 1357 points

Karachi: Uncertainty in political spectrum resulted in negative repercussion on the country’s economy as blood path observed in Pakistan Stock Exchange (PSX) on Tuesday in the mid-afternoon.

The 100-index lost even its limit of 60000 while as many as 1357 points declined.

The trading is underway at 59,707.

It is pertinent to mention here that the market remained bearish on yesterday. The PSX lost 1878 points on the first day of business week.

A total 349 companies’ shares were traded, out of which the shares of 298 companies decreased while the shares of 32 companies increased.

The highest level of the market was 62,634 while the lowest level was 60,647.