KARACHI: The Pakistan Stock Exchange (PSX) witnessed a decline on Thursday as investors engaged in profit-taking ahead of the weekend, leading to a downward trend in the benchmark KSE-100 index.
During intraday trading, the KSE-100 index dropped by 513.85 points, settling at 166,039.42 points, marking a 0.31 percent decline compared to the previous close of 166,533.27 points. Market analysts attributed the losses to investors’ decision to book profits after a strong rally in recent sessions. A day earlier, the PSX had already shown weakness, with the 100-index losing 793.55 points or 0.47 percent, closing at 166,553.28 points against 167,346.83 points on the previous trading day.
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On Thursday, a total of 476 companies traded shares at the exchange, out of which 203 recorded gains, 232 sustained losses, and 41 remained unchanged. The trading volume fell to 1,568.82 million shares from 1,819.32 million a day earlier, while the traded value declined to Rs55.06 billion from Rs56.82 billion. Meanwhile, market capitalization dropped to Rs19.21 trillion from Rs19.27 trillion. Experts noted that the recent correction is likely temporary, suggesting that market momentum may resume if macroeconomic indicators remain positive and investor sentiment stabilizes next week.