Summary Pakistan Stock Exchange witnessed sharp intraday volatility on Friday as early gains of over 500 points reversed, with the benchmark index closing down 696 points
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) experienced a highly volatile trading session on Friday, with the benchmark KSE-100 Index ultimately closing in negative territory after early gains during the day.
At the opening of the final trading session of the week, the index initially showed strong momentum, rising by more than 500 points amid positive investor activity.
However, selling pressure emerged later in the day, erasing earlier gains and pushing the market into decline. By the close of trading, the KSE-100 Index had dropped by 696 points to settle at 170,478 points.
Read also: Positive momentum continues as PSX rises over 550 points
Despite intraday optimism, profit-taking dominated the latter part of the session, leading to a reversal in sentiment.
Market data showed that shares worth Rs16.97 billion were traded, involving more than 174.9 million shares during the day.
Earlier in the week, the benchmark index had closed higher by 984 points, reflecting strong bullish momentum before the latest volatility.
