The PSX KSE-100 Index suffered a sharp decline during Friday’s trading session as investors rushed to lock in profits after recent gains. The benchmark index plunged more than 2,800 points, reversing the positive momentum witnessed earlier in the week and triggering concerns among market participants.
According to market data, the KSE-100 Index fell by 2,858.75 points, or 1.58%, to reach 178,539.46 points. The decline marked one of the most significant intraday losses in recent sessions, highlighting growing caution among investors.
The market initially opened on a strong note and extended Thursday’s bullish trend. During early trading, the index climbed to an intraday high of 182,185.87 points as investors remained optimistic following recent market gains.
However, the positive momentum proved short-lived. Intense selling pressure emerged later in the session, dragging the market down to an intraday low of 178,489.02 points. Trading activity remained robust, with approximately 283.7 million shares changing hands and turnover reaching Rs22.67 billion.
Analysts attributed the downturn primarily to profit-taking after a strong rally in recent days. Investors also appeared cautious due to global economic uncertainties and concerns surrounding future monetary policy trends in international markets.
Major sectors including banking, energy, and textiles experienced mixed performance. Several blue-chip stocks came under pressure as traders reduced exposure amid increasing volatility. Although market breadth was initially positive, sentiment shifted rapidly as sellers gained control.
The latest decline comes after a period of strength in the PSX KSE-100 Index, supported by improving regional sentiment and investor confidence. Market experts believe future direction will depend on economic indicators, corporate earnings, and global developments that continue to influence investor behavior.
