PSX: selling continues, KSE-100 down over 1,300 points

Selling pressure continued at the Pakistan Stock Exchange (PSX) as fighting intensified between the world’s largest crude exporter and Yemen-based Houthis, with the benchmark KSE-100 Index shedding over 1,300 points during the first half of trading on Friday. At 12pm, the benchmark index hovered at 162,589.30, down 1,335.01 points or 0.81%. “Selling pressure stems from two factors: weakness in global markets amid higher oil prices, and cautious sentiment ahead of the monetary policy decision on

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