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PSX: selling returns at bourse, KSE-100 down over 200 points
Selling was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index losing over 200 points during the opening minutes of trading on Friday. At 9:50am, the benchmark index was hovering at 166,957.17, down 236.26 points or 0.14%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies and OMCs. Index-heavy stocks, including HUBCO, MARI, PPL, MCB, MEBL, NBP and UBL, traded in the red. Pakistan’s finance ministry projected inflation in the range of 9.5% to 10.5% for the outgoing month of O...
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