PSX plunges over 3,000 points during intraday trade as bears maintain control

Bears continued to dominate the trading floor at the Pakistan Stock Exchange (PSX) on Thursday as the KSE-100 plunged by over 3,000 points during intraday trade. KSE-100 declined by 3,449.98 points or 2.08 per cent to stand at 162,373.89 points at 2:04pm from the previous close of 165,823.87 points. The market dropped to an intraday low of 160,391.18 points at 11:34am, before regaining some ground to reach above the 162,000-point level after 1pm. PSX remained under selling pressure for a third c...