PSX decline was witnessed on Thursday as the Pakistan Stock Exchange experienced heavy selling pressure, leading to a sharp drop of over 2,750 points in the benchmark KSE-100 index during intraday trading.
The market initially showed strength, with the KSE-100 index touching an intra-day high of 171,561 points. However, the upward momentum quickly reversed as investors began aggressive profit-taking at higher levels.
By mid-session, the PSX decline became more pronounced as the index fell to 168,828 points, marking a decrease of around 1.6% compared to the previous close. The sudden downturn erased earlier gains made during the session.
Market analysts linked the PSX decline to technical corrections following a strong bullish run in recent weeks. They noted that investors opted to lock in profits after the index had previously reached record highs.
Heavy trading activity was recorded, with more than 211 million shares exchanged, indicating strong participation despite the bearish trend. The total traded value stood at approximately Rs11.46 billion.
Key sectors such as banking, cement, and energy contributed significantly to the downturn. These sectors had previously led the market rally but faced selling pressure during the correction phase.
Analysts suggest that the PSX decline may continue in the short term if investor sentiment remains cautious, although late-session buying could potentially stabilize the market.
