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KSE-100: Unfazed by positive triggers, index slumps by 368 points

KSE-100: Unfazed by positive triggers, index slumps by 368 points July 29, 2021 Bears continued to haunt investors at Pakistan Stock Exchange (PSX) as diminishing volumes and selling pressure placed the benchmark KSE-100 under pressure as it posted a 368-point loss by the closing bell and clocked at 47,318 level. The Index traded in a range of 630.48 points or 1.32 percent of the previous close, showing an intraday high of 47,874.69 and a low of 47,244.21. On Wednesday, trading kicked off on an optimistic note but witnessed volatility, as intraday correction and discounted share prices attracted selective buying. However, it observed profit-taking during the session amid rising COVID cases.

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