Bears have taken control of the PSX as it saw a 2300 point drop
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVgK3D8_WipROi-qYmGJrU9h2B766_OkXgn1qNXB2pks2EZgGxpBML1TA91sTpvJqQWXvltj8EoNAuzTRzUbeqO6wiPgMHSATSepmbrZ5E_ikXFGY87byjlwyc_gA_MtcYcxx4Cbhrda0Bzct7KD9nJYUOV22Gxj0RwuRMAVO9EYg84Pjem_YjWMhY98U/s320/1916115313f410a.png)
The Pakistan Stock Exchange (PSX) faced intensified selling pressure on Tuesday as the benchmark index fell above 2,300 points. Exchange was flat 10 minutes after the opening bell, according to the PSX website. At 10:49 am, the market began a gradual decline, with the KSE-100 index falling by 1,186.19 points to 64,018.48 points from 65,204.67 previously. The index closed at 62,833.03, still down 2,371.6 points, down 3.64 percentage points from Monday. A day earlier, the benchmark index fell 925.35 points after investors took profits. Stocks in the mining and manufacturing, fertilizer and banking sectors had a negative impact. Head of JH Investments, Junaid Zaveri, said: "The market has not been affected by the recession, the situation in Pakistan is improving, the market has entered an overbought situation, the index has also risen significantly, due to which a correction is needed." Mohammed Sohail, managing director of Topline Securities, echoed similar sentiments about t