Shares at PSX lose over 700 points in intraday trade

Bears continued their stampede on Tuesday on the trading floor as shares at the Pakistan Stock Exchange (PSX) declined by more than 700 points in intraday trade.

The benchmark KSE-100 index declined 768.80 points, or 0.66 per cent, to stand at 115,486.32 points at 11:04am from the previous close of 116,255.12.

Awais Ashraf, director research at AKD Securities, said, “Investors are concerned about the impact of new government law that stops non-filers from investment in equities,...