PSX plummets to lowest level

 

The Pakistan Stock Exchange (PSX) on Wednesday plunged to a 26-month low level after the benchmark KSE-100 index shed nearly 500 points as investors adopted a dump-and-run approach due to rising political tension in the country.

The benchmark KSE-100 index underwent selling pressure from the time trading kicked off, dipping to a low of 39,276.70 points with volumes remaining on the lower side.

At close, the benchmark KSE-100 index fell by 489.56 points, or 1.23%, to settle at 39,342.89 — this is the lowest level after November 2, 2020.