Bearish sentiments prevail as KSE-100 index sheds 641 points

Karachi: Investors went for selling spree at the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index shed 641.21 points.

The PSX lost almost 1,500 points two days ago amid uncertanity about the IMF programme and declining value of Pkaistani currency.

Summary of Stock Market Closing as of 11th May 2022.https://t.co/wVrt7tvnwv#PSX #MarketClosingSummary pic.twitter.com/SmZtT7gucI

— PSX (@pakstockexgltd) May 11, 2022

According to the PSX website, the KSE-100 Index opened at 43,504.36 points and made a high of 43,649.59 points. It then started going down before closing at 42,863.15 points, which represented a decline of 641.21 points.