PSX downward trend continues as stocks plummet by 1,200 points in intraday trade

The Pakistan Stock Exchange (PSX) started the day on a negative note as the benchmark index witnessed a sharp decline of over 1,200 points on Tuesday.

The KSE-100 index dipped to a low of 60,464.34 points during the intraday trading, down by 1,240.75 points or 2.01%, according to the PSX website.

Head of Equities at Intermarket Securities Raza Jafri media that leveraged positions may…