PSX proceeds with bearish trend, declines 796 points

On Tuesday, Pakistan Stock Exchange’s (PSX’s) benchmark KSE-100 index shed 796.48 points and closed at 44,948.52. This occured due to the tension surrounding the recently announced agreement with the International Monetary Fund (IMF) dulled investor sentiments.
The market started on a positive note to reach a midday high of 45,915.61, with a rise of 170.61 points, within the first hour of the session.After 3pm, the index fell to an intraday low of 44,881.15, a slump of 863.85 points, and then increased to 796 points in the end.

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