PSX Experiences Another Downtrend As The Market Loses 308 Points

PSX experiences another downtrend as the market loses 308 points

The KSE-100 index fell 308 points to trade at 41,447.

On Wednesday, the Pakistan Stock Exchange (PSX) showed a bearish trend by falling 308 points in the opening hours of trading.

The KSE-100 index fell 308 points to trade at 41,447.

The pakistan stock exchange (PSX) fell on June 24 just minutes after Prime Minister Shehbaz Sharif imposed a 10% "super-tax" on big businesses.

Right after the opening bell, there was intense selling pressure on the stock exchange. The benchmark KSE-100 index was down 2,055 points, or 4.8 percent, as of 12 o'clock. For 45 minutes, the trading was suspended.

As of 3 pm, the market was trading at 41,198 points. According to the psx Rulebook, trade is suspended for 45 minutes if the KSE 100 index declines by 4.5 percent or more.

Sameer Tahir

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