PSX drops below 187,000 points amid profit-taking pressure
Business
PSX opened strong, KSE-100 surged to 188,923 points, but heavy selling pushed it down over 1,700 points to 186,658 amid profit-taking and market uncertainty
KARACHI (Dunya News) - The Pakistan Stock Exchange (PSX) experienced significant volatility on the fourth trading day of the week, with the KSE-100 Index losing ground after an initially strong start.
The market opened on a positive note, surging over 500 points to reach 188,923, fueled by early buying in key sectors.
However, trading momentum quickly reversed as selling pressure intensified, pushing the benchmark down by more than 1,700 points to 186,658.
Traders attributed the sharp decline to profit-taking, cautious investor sentiment, and lingering macroeconomic uncertainties.
Analysts noted that while early gains reflected optimism, market participants remain wary of external economic pressures, interest rate concerns, and corporate earnings updates.
PSX at its business best with 119,000 on board
A day earlier, the benchmark KSE-100 Index reversed the previous session’s losses and closed with a positive momentum, gaining 177.53 points, an increase of 0.09 percent, to close at 188,380.39 points compared to 188,202.86 points on the previous trading day, according to PSX data.
During the 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 valuing Rs 53.061 billion in the previous session.
Market capitalization increased to Rs 21.186 trillion from Rs 21.147 trillion a day earlier.
Out of 485 active companies in the ready market, 182 advanced, 253 declined, while 50 remained unchanged.
