Pakistan Stock Exchange (PSX) Drops Below 187,000 Points Amid Profit-Taking Pressure
The Pakistan Stock Exchange (PSX) saw significant volatility on the fourth trading day of the week. The KSE-100 Index initially surged to reach 188,923 points but quickly fell over 1,700 points to close at 186,658 amid profit-taking and market uncertainty.
The initial positive momentum came from early buying in key sectors, with the index opening strong. However, selling pressure intensified as traders took profits and investors remained cautious due to lingering macroeconomic uncertainties, concerns over interest rates, and corporate earnings updates.
In contrast, a day earlier, the KSE-100 Index had reversed losses from the previous session, closing up 177.53 points at 188,380.39 points compared to its close of 188,202.86 points on the prior trading day.
During this session, the ready market recorded a trading volume of 953.917 million shares with a traded value of Rs 48.878 billion against 749.247 million shares worth Rs 53.061 billion in the previous session. Market capitalization increased to Rs 21.186 trillion from the previous day’s Rs 21.147 trillion.
Out of 485 active companies, 182 stocks advanced, 253 declined, and 50 remained unchanged.