Market sinks 1,415 points on political noise
KARACHI: The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Tuesday, on the eve of the State Bank’s monetary policy announcement, with the benchmark KSE-100 index plunging 1,415 points amid concerns over corporate earnings, political noise, and economic uncertainty.
Trading began on a strong note, with the index climbing as much as 951 points in early hours, fuelled by optimism over a potential trade-tariff deal with the United States. The KSE-100 touched an intraday high of 140,331 — up 0.68 per cent — as investors hoped for positive signals ahead of the policy meeting.
However, the optimism quickly........
© Dawn Business
