PSX bleeds red as selling hits index
Business
Meanwhile, the greenback fell to Rs279.15 from Rs279.21 after its value dropped by Rs0.06.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) witnessed volatility as selling pressure caused the benchmark KSE-100 index to lose 450 points on the start of the week on Monday.
The KSE-100 index hovered at 111,615 points, with selling being observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks including PRL, NRL, PSO, SHEL, SNGPL, MARI, OGDC, PPL, HBL, MCB, MEBL and NBP traded in the red.
Meanwhile, the greenback fell to Rs279.15 from Rs279.21 after its value dropped by Rs0.06.
