Abb Takk News

Bloodbath Continues at PSX as 100-Index Sheds 865 Points

KARACHI:  A bloodbath continues at Pakistan Stock Exchange (PSX) as the KSE 100-index lost 865 points on Friday.

As per details, the trading at PSX has taken a negative start and currently the benchmark index trading at 33,105 points after shedding 865 points.The foreign investors are selling their shares due to lack of confidence, director PSX Abid Ali Habib said.

The shareholders became cautious after the State Bank’s decision of announcing the monetary policy on May 20.

Earlier on Thursday, the KSE 100-index lost 320 points before closing at 33,971 points.