Shares at PSX plummet nearly 600 points in intraday trade

Shares at PSX plummet nearly 600 points in intraday trade

Shares at the Pakistan Stock Exchange (PSX) broke their record breaking streak and fell sharply on Monday, with analysts attributing the sell-off to profit-taking.

According to the PSX website, KSE-100 index shed 666.07 points at 11:15am to stand at 65,557.56 points, down 1.01 per cent from the previous close of 66,223.63.

Mohammed Sohail, chief executive of Topline Securities, told Dawn.com the market witnessed profit-taking, especially from leveraged buyers, after negative news related to refineries.


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