PSX loses 1,309 points on profit-taking
KARACHI: The stock market snapped its record-setting spree as investors indulged in aggressive profit-taking in the post-rate cut session on Tuesday despite hitting an all-time high above 117,000 intraday.
Ahsan Mehanti of Arif Habib Corporation said the equities turned bearish amid cautious SBP policy easing on multiple risks, static core inflation near 9.7pc and 0.64pc contraction in Large-Scale Manufacturing during July-October.
He added that consolidation amid concerns for government tax collections shortfall...
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