KARACHI: The bears staged a comeback at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index loses over 300 points owing to rupee depreciation and rising political crisis.
Earlier, trading kicked off on an optimistic note, but due to the absence of positive triggers, the market erased gains and started descending in the initial hour. Following a steady decline, the downward trend accelerated in the final hours, pushing the index below 44,000 points.
Today, the benchmark KSE-100 index shed 324.27 points, or 0.74%, to close at 43,786.83 points.