PSX sheds 500+ points as international oil price falls below $50/barrel

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At about 3 p.m. local time, international crude oil prices fell below $50, reaching a low of $49.24/barrel, the lowest since December 2016. As a result, Pakistan Stock Exchange(PSX) KSE-100 witnessed a fall of 535 points in half an hour. Heavyweights in the KSE-100 index from exploration and production sector like Oil & Gas Development Read More