KSE-100 plunges below 170,000-mark as bears maintain control of PSX

The Pakistan Stock Exchange (PSX)’s benchmark index KSE-100 continued its bearish momentum on Thursday, losing over 2,400 points. KSE-100 declined by 2,405.93 points or 1.4 per cent to close at 169,173.37 points from the previous close of 171,579.30 points. The bourse rose to an intraday high of 171,561.74 points shortly after opening and declined to an intraday low of 168,416.02 points at 1:27pm. “Bears returned to centre stage as tensions flared around the Strait of Hormuz, where reports of bl...