KARACHI: Despite continued downward interest rate trajectory and relative political calm, the Pakistan Stock Exchange (PSX) witnessed a ruthless bloodbath on Thursday, extending the losing streak to a fifth straight session due to an unabated institutional selling spree, pulling the benchmark KSE 100 index below the psychological barrier of 110,000 intraday.

Topline Securities Ltd said such was the selling pressure that the index sank to an intraday low by 2,529 points at 109,405.54 before closing at 110,301.16, reflecting a sharp decline of 1,634.22 points or 1.46pc day-on-day.

The........

© Dawn Business