PSX Suffers 2,000-Point Drop as Profit-Taking and Weak Bank Earnings Weigh on Sentiment
The Pakistan Stock Exchange (PSX) experienced a turbulent session on Thursday, with the KSE-100 index plunging nearly 2,000 points due to widespread profit-taking ahead of the futures rollover week and lackluster bank earnings that dampened investor confidence.
KSE-100 plunges 1,241 points as heavy profit-taking ends bullish streak
The Pakistan Stock Exchange witnessed a major correction on Thursday as the KSE-100 Index tumbled by 1,241 points due to aggressive profit-taking, with analysts citing portfolio rebalancing at elevated levels.
KSE-100 Index Slides for Fourth Straight Session as Market Sentiment Weakens
The Pakistan Stock Exchange continues its losing streak as the KSE-100 index extends its decline for a fourth consecutive session, driven by institutional selling, foreign outflows, and investor unease despite positive economic indicators.