Abb Takk News

PSX Sheds Over 300 Points

KARACHI: The bears staged a comeback at the Pakistan Stock Exchange (PSX) market on Wednesday as the benchmark KSE-100 index experienced another round of battering and shed over 300 points.

The benchmark KSE-100 index opened upwards but it soon entered the red zone and started losing ground throughout the day. 

Moreover, the continuous depreciation of the Pakistani rupee against the US dollar impacted the investment climate negatively. 

At close, the benchmark KSE-100 index closed at 41,776.98 points with a loss of 363.78 points or 0.86%.