The Pakistan Stock Exchange (PSX) witnessed a sharp dip on Monday, the first day of the business week, amid cautious trading. The KSE-100 index briefly rose over 1,500 points to reach 185,650.59 before bears took control, pushing it down by 1,195.39 points to close at 182,934.19.
The decline followed a bearish trend in the previous session, where the benchmark index fell 3,702.50 points, a 1.97 percent drop. Investors remain wary amid market volatility and profit-taking after recent gains.
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Trading volume during the session increased to 1,272.642 million shares with a total value of Rs 60.36 billion, up from 1,195.264 million shares worth Rs 44.10 billion in the prior session. Market capitalization fell to Rs 20.883 trillion from Rs 21.278 trillion.
Out of 480 active companies, 113 advanced, 323 declined, and 44 remained unchanged. The market showed a mixed sentiment, with selling pressure outweighing early bullish momentum.
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Analysts said investors are watching global cues and domestic economic signals closely. They expect cautious trading to continue as the market adjusts to profit-taking and external pressures.