PSX records sudden drop

By Ali Imran

ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced a significant decline and closed at 80,117 after experi-encing a significant decline of 1,721 points.
This drop represents a 2.15% decline from yesterday’s all-time high of 81,839 points. Yesterday, PSX surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84% increase from the previous close of 81,156 points showcases a bullish momen-tum in the market.
Earlier on Tuesday, KSE-100 maintained a bullish trend and gained 1,367 points to hover at 81,320.88 points with 1.72% positive change as compared to the previous closing of 79,944.09 points. Experts have attributed the bullish trend to various factors including the privatization and staff-level agreement with the International Monetary Fund (IMF).