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.
Pakistan Stock Market Suffers 1,238-Point Drop as KSE-100 Faces Volatile Trading Session
The Pakistan Stock Exchange (PSX) witnessed a turbulent session as the KSE-100 index fell by 1,238 points amid geopolitical tensions and profit-taking across major sectors, highlighting investor caution and persistent market uncertainty.
PSX Slips 483 Points Amid Profit-Taking and Futures Rollover Pressure
The Pakistan Stock Exchange lost 483 points as late-session profit-taking and futures rollover weighed on investor sentiment. Despite strong trading activity, key sectors including banking and cement pulled the KSE-100 index into negative territory.
PSX Closes Flat as Geopolitical Tensions Undermine Early Market Momentum
The PSX closed flat on Thursday as the KSE-100 index gained just 21 points. Early optimism gave way to late-session profit-taking driven by uncertainty around the Iran-Israel conflict. Market volumes and value also dropped notably.
Late-Session Profit-Taking Drags PSX into Negative Territory Despite Strong Opening
The Pakistan Stock Exchange saw a sharp reversal on Thursday as late profit-taking erased early gains, with the KSE-100 Index falling over 250 points amid cautious investor sentiment following post-budget warnings and global market unease.