Bears strengthened their hold on the Pakistan Stock Exchange (PSX) on Thursday as the benchmark index slumped over 800 points or 1.7% on the weak investors’ confidence due to the prevailing economic uncertainty in the country.
Fearing further deterioration of the economy, the investors offloaded shares amid the rising rupee-dollar parity.
The KSE-100 index dived when trading began and fell below the 46,000 mark. Weak investor sentiment is restricting the index from entering positive territory.
The PSX was at 45,421.01 after falling 823.54 points or 1.78% at 12:24 p.m. compared to Wednesday’s close of 46,244.55 points.
