PSX plunges by 400 points.

Karachi -- Following Tuesday's slide, Market went down by another 508pts and closed the session at this level (unadjusted). SBP's decision of not cutting the rates at this stage caused concern amongst investors and resulted in booking profits in Cement, Steel sectors. On the contrary, E and P and OMCs performed better in relative terms on the back of slight improvement in international crude oil prices. Start of market saw FFBL announcing financial results which were poorer than anticipation and caused the share price declining to lower circuit. Technology sector topped the volumes with 34.3M shares, followed by Cement (26.1M) and Banks...