Bearish trend reigned at the Pakistan Stock PSX on the opening day of the business week as the benchmark KSE-100 index plummeted by 1529 points to reach 43,311.50 points intraday trading, reported 24NewsHD TV channel.

According to the PSX website, the stock market saw -3.41 percent depreciation.

At the start of the business day, KSE-100 Index opened at 44,840.81 points, made a high of 44,841.41 points before going down swiftly.

Experts suggest that the country’s stock market was under pressure because of delay in the resumption of the International Monetary Fund programme (IMF) and depletion of foreign reserves.

 It may be mentioned that the dollar continued its flight towards record levels against the rupee.

Reporter Ashraf Khan