PSX slumps: PSX-100 down 1140 points ahead of interest rate decision

On the first day of the trading week, the Pakistan Stock Exchange witnessed a significant decline, which can be described as a cautious wait for investors. The PSX-100 index closed at 162,163 after falling by about 1,140 points at the end of the day.

Initially, the index crossed a high of 163,570 but later faced pressure to drop to 161,766.

It should be remembered that the index closed at 163,304 points yesterday, meaning that today’s decline was a significant difference from the previous close.
Experts say that the basis of this decline is the strategy under which the investor kept the upcoming interest rate decision in mind and emphasised caution about its possible effects.