KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) witnessed a rollercoaster session on Thursday as early optimism faded and selling pressure took over, dragging the market down by the day’s close.
Trading opened on a positive note, with the KSE-100 Index soaring over 1,000 points to reach an intraday high of 159,507 points. However, as the session went on, sentiment turned sour and profit-taking kicked in.
By the end of the trading day, the index plunged 1,732 points, closing at 156,732 points, marking a sharp turnaround from the morning rally.
Market analysts said the sudden fall came as investors opted to book profits amid uncertainty over upcoming economic decisions and political developments. “The market went from boom to gloom within hours,” one trader remarked.
A day earlier, the index had already dropped 1,635 points, ending at 158,465 points, signaling growing volatility in investor sentiment.
Today’s trading saw a hefty turnover, with 37.8 crore shares traded, worth Rs 28.51 billion. Despite early buying, many investors ended up on the losing side as prices dipped across multiple sectors.