PSX bleeds as week starts with selling pressure

The Pakistan Stock Exchange (PSX) on Monday started the week with bears’ continuous rally as the benchmark KSE-100 index hovered at 113,950 points after losing more than 300 points.It must be remembered that the KSE-100 index was closed at 114,255 points at the end of last week, with a bearish trend dominating the market for most of the week.Bulls continued to rule the Pakistan Stock Exchange PSX on Friday as investors were optimistic after recent commitments made by the US investors.During intraday trading, the benchmark KSE-100 index gained 1,588.08 points to climb to 114,794.48 points.