Karachi: A sharp downturn was witnessed at the Pakistan Stock Exchange (PSX) on the last trading day of the business week, as intense selling pressure dragged the market significantly lower.
At the close of trading, the KSE-100 Index plunged by 3,714 points, settling at 157,496 points, compared to the previous session’s close of 161,210 points.
During the session, the benchmark index touched an intraday high of 161,435 points and a low of 157,072 points, reflecting strong volatility in the market.
According to market data, a total of 361.7 million shares were traded during the day, with the overall trading value reaching approximately Rs23 billion.
Shares of 567 companies were traded at the exchange. Among them, 105 companies recorded gains, while 311 companies saw declines in their share prices, indicating broad-based selling across the market.
Market experts attributed the sharp decline to heavy selling in key sectors, profit-taking by investors, and cautious market sentiment. They added that economic and financial uncertainty also weighed on investor confidence, contributing to the negative trend in the market.
