Bears dominated the trading floor on Tuesday at the Pakistan Stock Exchange (PSX) as shares declined by nearly 1,500 points, neutralising the rampant bulls run yesterday which saw the market rise by more than 4,000 points.
The benchmark KSE-100 index declined by 1,509.61 points, or 1.33pc, to close at 112,414.80 points from the last close of 113,924.41 points.
Yesterday, bullish momentum continued at the Pakistan Stock Exchange (PSX) as shares climbed more than 4,000 points.
Last week, bears had dominated the trade floor shares declined by nearly 3,800 points, two days after the State Bank of Pakistan (SBP) cautiously eased the interest rate to 13pc, reiterating that core inflation, which stood at 9.7pc, was “proving to be sticky, whereas inflation expectations of consumers and businesses remain volatile”.
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