KARACHI: The Pakistan Stock Exchange (PSX) faced a negative start to the day, with the benchmark index experiencing a significant drop of more than 1,200 points on Tuesday.
According to the PSX website, the KSE-100 index reached a low of 60,464.34 points during intraday trading, reflecting a decline of 1,240.75 points or 2.01%.
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Raza Jafri, the Head of Equities at Intermarket Securities, shared with a private news channel that there is a possibility of unwinding leveraged positions, although trading volumes remain relatively low.
He suggested that the corrective phase might conclude by the end of this week, expressing optimism that January could commence on a more positive note.
