Monday September 05, 2022

PSX Loses 42,000-Point Mark

KARACHI: The bears continued to dominate trading at the Pakistan Stock Exchange on Monday as the benchmark KSE-100 index extended losses from the previous week and recorded a decline of over 450 points. Succumbing to late-session profit-taking, the benchmark opened the week on a negative note.

The market opened on a positive note on the first day of the week despite the prevailing volatility on the political front, however, news regarding damage from flash floods to the economy dented investor sentiment. However, the KSE-100 index failed to maintain positive momentum as bulls withdrew and bears took over.

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