PSX sees bearish trend as KSE-100 index drops by 1,489 points

Karachi: Investors at the Pakistan Stock Exchange (PSX) faced another tough day on Tuesday as the KSE-100 Index dropped further.

Trading started in the negative, and the index closed at 112,030 points, losing 1,489 points by the end of the day.

The PSX had already experienced a decline on Monday, with the KSE-100 Index falling.

Earlier in the day, there was some hope among investors as the market showed a positive trend, with the KSE-100 Index rising by over 700 points, fueled by expectations of an interest rate cut. However, this optimism was short-lived, and the index dropped to 113,500 points, losing 1,360 points by the close of trading.