Stocks bleed for third straight session despite PM’s visit

KARACHI: Despite positive news flows, particularly on the economic front, Pakistani equities continued to bleed for the third straight session as the benchmark KSE 100 index plunged amid a broad-based sell-off on Wednesday.

However, subdued quarterly GDP growth of 0.92pc from 2.3pc in the same period last year, mounting political tensions, both at the local and international front and the resurgence of violence dampened investor sentiments who reso­rted to panic-selling since the start of the current week...