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PSX: selling continues, KSE-100 down 300 points in early trade
Selling pressure continued at the Pakistan Stock Exchange (PSX) as fighting intensified between the world’s largest crude exporter and Yemen-based Houthis, with the benchmark KSE-100 Index shedding nearly 300 points during the opening minutes of trading on Friday. At 9:50am, the benchmark index was hovering at 163,629.14, down by 295.17 points or 0.18%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refineries. Index-heavy stocks, including ARL, HUBCO, MARI, PPL, POL, MCB, MEBL, NBP a...
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