Bears take stock of PSX as liquidity dries up

The Pakistan Stock Exchange (PSX) continued to experience the selling pressure, with the benchmark KSE-100 Index hovering at 111,528 points after losing more than 500 points on Wednesday.Selling pressure was observed in the index-heavy energy sector which includes oil and gas exploration companies, OMCs, power generation and refinery. Key stocks including HUBCO, SHEL, SNGPL, MARI, OGDC, PPL and POL traded in the red.Analysts said liquidity had dried up to sustain the initial bullish trend in the PSX.