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The Pakistan Stock Exchange’s (PSX) has experienced a bearish trend, with the KSE-100 index showing a significant decline of over 1,400 points in a day (Tuesday) following the policy rate announcement on Monday.
According to details, the PSX experienced a decline as the benchmark index lost 1,400 points during intraday trade, and by the end of the trading session, the decline reached 1,489.96 points.
A report stated that the benchmark index stood at 112,108.67, reflecting a drop of 1,411.65 points, or 1.224%, at 11:45 a.m., while at the close of the trading day, the KSE-100 index stood at 112,030.36 points, representing a 1.31% decrease. The previous closing value of the KSE-100 was 113,520.32 points.
The report also indicates that energy stocks with significant index weight, such as HUBCO, MARI, OGDC, PPL, PSO, SHEL, SSGC, and SNGPL, were trading lower.
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