Political worries, global stock slump hit PSX
KARACHI: The Pakistan Stock Exchange (PSX) faced a bearish trajectory on Monday amid choppy trading as the KSE-100 index fell over 280 points, following a broad-based slide in global equities and concerns over political instability. In the morning, the index started trading on a hopeful note, reaching an intraday high of 79,214.27 points. However, the early optimism quickly evaporated when the stock market reversed course and fell sharply. The volatile streak was sparked by uncertainty over the International Monetary Fund’s (IMF) approval of Pakistan’s Rs2.8 trillion financing plan to tackle the cyclical debt crisis. Additionally, investor wariness ahead of a


