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Intraday Report: KSE-100 Index loses 673 points on political tension

PSX announces 3rd batch of stocks moving to one share lot size on May 6
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October 26, 2022 (MLN): The benchmark KSE-100 index on Wednesday lost 673 points [11:26 am] in intraday trade and is currently trading at 41,516.93 as the market was weighed by the news of PTI’s announcement of the long march which is going to begin on Friday. Thus, the market is witnessing notable selling pressure. 

Investors were already cautious for a few sessions due to ongoing political uncertainty despite the country's exit from FATF's grey list.

Cement, oil & gas, technology & communication, and power generation have witnessed higher selling activity as they have lost around 111, 83, 79, and 64 points respectively.

Company-wise, the scrips of TRG, HUBC, PPL, and DGKC have endured the maximum losses.

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Posted on: 2022-10-26T11:28:28+05:00

News Id :35614