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Bears Rule PSX for Second Straight Day

Karachi (June 20, 2017): Pakistan Stick Exchange (PSX) has taken a sharp beating with benchmark 100-Index losing over 1,400 points  in intra-day trading today.

This is the second straight day of the bear run at the PSX.

The 100-Index is trading at 45,000 level  presently.

The first day of the trading week yesterday started on a negative note for the PSX  with the benchmark KSE-100 Index shedding 265 points on the back of profit-taking.

The trading activity was led by the banking sector, with 36.1 million shares changing hands during the session. The communication and power sectors followed, with volumes of 35.7m and 15m shares respectively.

A total of 74.8m shares of KSE-100 companies changed hands during the session, with a total worth of nearly Rs7.2 billion.

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