PSX tumbles as KSE-100 index falls below 80,000 points | The Express Tribune

The trading week started on a bearish note, with the Pakistan Stock Exchange (PSX) experiencing a significant drop compared to previous weeks which was marked with high points and investors’ confidence.

The KSE 100 Index fell below the 80,000 points level, marking a sharp decline of 625 points or 0.79% to reach 79,492 points, three days after it reached an all-time high of 81,800 points during intraday trade.

Read: PSX plummets by over 1,721 points after hitting record high

Today, The market opened with a decline of 391 points, bringing the index down to 79,726 points. As the day progressed, the PSX saw a further drop of 517 points, causing the KSE 100 Index to fall further to the 79,600 points level.

On Friday, the stock market experienced a severe downturn and dropped by 1,721 points to reach 80,117 points but it recovered shortly by Sunday, where bulls staged a comeback and pushed the KSE-100 index to an all-time high above 80,000 points.

PSX experienced a revival of investor interest during the short three-day trading week, where bulls staged a comeback and pushed the KSE-100 index to an all-time high above 80,000 points.