Stocks lose another 1,789 points amid volatility
KARACHI: As the Pakistan Stock Exchange (PSX) switched to a faster T 1 settlement cycle on Monday, market volatility persisted amid a dearth of positive triggers, as shaky investors continued taking profits amid broader economic concerns, pulling the benchmark index below the 181,000-point barrier intraday.
Topline Securities Ltd said the KSE-100 index closed lower at 182,340.38 points, shedding 1,789.20 points after a highly volatile session. The benchmark index moved within a wide range, touching an intraday high of 185,650.60 points before slipping to a low of 180,992.80 points.
The decline was led by heavyweight stocks, with Oil and Gas Development........
