Abb Takk News

PSX Observes Decline, KSE 100 Index Loses 1200 points

Karachi(July 04, 2018): A bloodbath was observed at the Pakistan Stock Exchange (PSX) as the market saw its worst slide in months with the benchmark KSE-100 index losing 1,219 points.

A day after the accountability court in Islamabad announced the date for the announcement of the verdict on Avenfield references against Sharifs, the index slid to 40,346 points.

The volumes remained on the lower side with only 117.6 million shares worth Rs5.8 billion traded as only 29 of the 326 traded scrips advanced, while 2852 declined in value and 15 remained unchanged.

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