PSX plummets by over 1,200 points after hitting record high | The Express Tribune
![PSX plummets by over 1,200 points after hitting record high | The Express Tribune PSX plummets by over 1,200 points after hitting record high | The Express Tribune](https://i0.wp.com/i.tribune.com.pk/media/images/21713731297-1/21713731297-1.jpg?w=800&resize=800,600&ssl=1)
The Pakistan Stock Exchange (PSX) experienced a significant decline, falling by 1,206 points to stand at 80,633 during intra-day trading.
This drop represents a 1.5% decrease from its recent all-time high of 81,839 points.
Yesterday, PSX surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84% increase from the previous close of 81,156 points showcases a bullish momentum in the market.
Read: PSX hits fresh peak on IMF deal
Earlier on Tuesday, KSE-100 maintained a bullish trend and gained 1,367 points to hover at 81,320.88 points with 1.72% positive change as compared to the previous closing of 79,944.09 points.
Experts have attributed the bullish trend to various factors including the privatization and staff-level agreement with the International Monetary Fund (IMF).