Bearish trend in PSX keeps investors on their toes
Business
The trading began in negative zone and eventually the index closed at 112,030 mark
KARACHI (Dunya News) – Investors in the Pakistan Stock Exchange (PSX) continued to face a tough time on Tuesday as the KSE-100 Index further plummeted.
The trading began in negative zone and eventually the index closed at 112,030 mark, with reduction of 1,489 points.
The PSX lost its sheen on the first day of the week (Monday) amid decline in KSE-100 Index figure.
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.
