PSX plunges, 100 Index down by over 1,000 points

Karachi: Pakistan stock market Friday saw a big decline after a record boom.

On the last day of the business week, the stock exchange witnessed a negative trend at the start of trading, with the 100 Index falling below the 81,000 points level with a loss of 1,098 points during the trading session.

100 Index is trading at the level of 80,740 points after the decline in the stock market.

It is pertinent to note that after the two-day holiday of Muharram yesterday, the stock market showed a bullish trend from the beginning of business. The 100 Index closed at 81,839 points with an increase of 676 points.