PSX sheds over 6,000 points amid profit-taking pressure

KARACHI (Dunya News) - Pakistan Stock Exchange (PSX) on Thursday recorded a massive bearish trend, dropping by over 6,400 points amid selling pressure sparked by geopolitical tensions involving Iran and the United States.

During intraday trading, the KSE-100 shed 6419.24 points to drop to 181,961.14 points compared to previous close of 188,380.38 points.

Earlier, The market opened on a positive note, surging over 500 points to reach 188,923, fueled by early buying in key sectors.

However, trading momentum quickly reversed as selling pressure intensified, pushing the benchmark down by more than 1,700 points to 186,658.

Traders attributed the sharp decline to profit-taking, cautious investor sentiment, and lingering macroeconomic uncertainties.

Analysts noted that while early gains reflected optimism, market participants remain wary of external economic pressures, interest rate concerns, and corporate earnings updates.

PSX at its business best with 119,000 on board

A day earlier, the benchmark KSE-100 Index reversed the previous session’s losses and closed with a positive momentum, gaining 177.53 points, an increase of 0.09 percent, to close at 188,380.39 points compared to 188,202.86 points on the previous trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 953.917 million shares with a traded value of Rs 48.878 billion, against 749.247 million shares valuing Rs 53.061 billion in the previous session.

Market capitalization increased to Rs 21.186 trillion from Rs 21.147 trillion a day earlier.

Out of 485 active companies in the ready market, 182 advanced, 253 declined, while 50 remained unchanged.