Historic decline in PSX; KSE 100-Index drops 5,000 points
MNP – The Pakistan Stock Exchange (PSX) witnessed its largest single-day decline in history, with the benchmark KSE-100 Index plummeting by 5,000 points.
This unprecedented drop brought the index to close at 106,275 points, marking a significant blow to the market.
The bearish momentum resulted in a massive sell-off, with 1.17 billion shares traded, valued at approximately Rs56.6 billion. Over the past three days, the stock market has faced relentless selling pressure, losing a staggering 10,000 points following the announcement of the latest monetary policy.
