PSX: Stocks lose 226 points owing to selling pressure
Pakistan, Jan. 21 -- Pakistan Stock Exchange (PSX) witnessed another day of a correction and succumbed to selling pressure on Wednesday, as benchmark KSE-100 lost 226.29 points to close at 45,676.94 index level.
The index began the session on a negative note as pessimism gripped the investors, which continued throughout the session owing to series of news-flow. The selling pressure was primarily triggered due to redemption at mutual funds, which prompted selling activity in banks, Exploration &Production, power, cement and oil & gas marketing stocks. Textile sector also saw selling pressure, partly due to yet another deferral of the most-awaited textile policy.
Moreover, investors also speculated ahead of monetary policy announcement by...
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