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Onslaught at PSX as 100-Index losses over 1800 Points

Karachi (June 1, 2017): The wind of political flurries made bloodshed in the Pakistan stock market and it benchmark 100-index losing 1,810.76 points, by the close of the trading session to reach 48,780.81

The benchmark 100-Index  of national Pakistan Stock Exchange (PSX) lost more than 2,200 points during trading today.

The 100-Index fell from the level of 50,000 points to below 48,000 points.

The 100-Index shed 561 points quickly at the start of the trading session today hovering hovering around 50,030 points.

PSX also closed on a negative note yesterday with 100-index shedding 861 points losing 50,591 points. The bear run continued yesterday as stocks continued to face losses.

A day earlier of Tuesday May 30 the KSE-100 index had also shed 685 points closing at 51,453 points.

Budget 2017-18 announced on May 27 was attributed to PSX closing on negative note but concerns over budget now seem to be replaced the wind of politics-related flurries.

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