PSX: Bears Rule Stocks as KSE-100 Plummets Over 1,200 Points

Tue Dec 26 2023
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KARACHI: The Pakistan Stock Exchange (PSX) faced a negative start to the day, with the benchmark index experiencing a significant drop of more than 1,200 points on Tuesday.

According to the PSX website, the KSE-100 index reached a low of 60,464.34 points during intraday trading, reflecting a decline of 1,240.75 points or 2.01%.

ALSO READ: PSX 100-Index Lost 988 Points Amid Continued Bearish Trend

Raza Jafri, the Head of Equities at Intermarket Securities, shared with a private news channel that there is a possibility of unwinding leveraged positions, although trading volumes remain relatively low.

He suggested that the corrective phase might conclude by the end of this week, expressing optimism that January could commence on a more positive note.

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