PSX plunges over 4,700 points 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 4,700 points during intraday trade. KSE-100 declined by 4,786.92 points or 2.89 per cent to stand at 161,036.95 points from the previous close of 165,823.87 points. PSX remained under selling pressure for a third consecutive session on Wednesday, as investors stayed wary of the economic outlook and corporate earnings disappointed expectations. Rising global oil prices ami...