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PSX Drops 1,486 Points Amid Geopolitical Concerns

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Pakistan Stock Exchange (PSX) under intense selling pressure on Monday due to rising geopolitical concerns.

Benchmark KSE-100 index sharply lower during intraday trade, slipping 1,957.57 points or 1.15% by 9:44am.

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Selling broad-based across sectors including automobile assemblers, cement manufacturers, commercial banks, oil and gas exploration firms, OMCs, power producers and refineries.

Trading progressed with partial recovery but index remained negative at 168,992.62 as of 1:00pm.

Robust market participation with over 82.47 million shares changing hands, generating a traded value of Rs7.47 billion.

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