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PSX witnesses negative trend on first working day of week

KARACHI: The Pakistan Stock Exchange (PSX) lost its sheen on the first day of the week amid decline in KSE-100 Index. 

The PSX witnessed bullish trend during early trade hours as investors remained hopeful for the first interest rate cut of the year. 

The benchmark KSE-100 index was hovering at 115,596 points after gaining more than 700 points. 

The investors’ glee was short-lived as KSE-100 Index came down to 113,500 (decrease of 1,360 points) at the end of the day.