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Pakistan Stock Exchange witnesses bearish trend
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

Pakistan Stock Exchange witnesses bearish trend

KARACHI: Bloodbath at the Pakistan Stock Exchange (PSX) Wednesday continued as the KSE-100 Index plunged 1,238 points to trade at 28,326 points, according to media reports.

On the other hand, the US dollar gained Rs 1 against the Pakistani rupee in the interbank market. The greenback initially surged by 50 paisa to trade at Rs 159.50 in the interbank market on the third business day and gained another 50 paisa afterwards to reach Rs 160.

The price of the US dollar had increased by 33 paisa on Tuesday to trade at Rs 159. The value of the greenback increased by Rs 1.33 in past two days due to the global crisis created by corona virus.