PSX continues losing streak as it falls over 1,400 points to end week, reflecting growing investor uncertainty and weak market sentiment. The Pakistan Stock Exchange (PSX) witnessed heavy selling pressure across major sectors, resulting in a sharp decline in the benchmark KSE-100 index.
At the close of trading, the KSE-100 index dropped by 1,425 points, settling near the 74,000 level. The fall wiped out earlier gains recorded earlier this month, as investors reacted to concerns over economic data, political instability, and currency fluctuations.
According to market analysts, PSX continues losing streak as it falls over 1,400 points to end week amid profit-taking and a lack of positive triggers. The decline was led by banking, energy, and cement sectors, which faced consistent selling throughout the session.
Experts believe investor confidence weakened after reports of potential delays in policy reforms and uncertainty regarding the upcoming monetary policy announcement. Additionally, rising global oil prices and pressure on the rupee added to market concerns.
Trading volumes also remained lower than average, showing that investors preferred to stay cautious. Institutional investors reportedly booked profits ahead of the weekend, contributing further to the negative momentum.
PSX continues losing streak as it falls over 1,400 points to end week, marking the third consecutive session of losses. Analysts say that short-term recovery will depend on government economic decisions and stability in the exchange rate.
Despite the decline, some experts suggest that long-term investors could find opportunities in undervalued stocks if the market stabilizes next week. The overall outlook remains cautious, with traders watching both domestic and global financial developments closely.
The benchmark index has now lost more than 2,000 points in the past two sessions, signaling the need for renewed investor confidence and clear economic direction from policymakers.
Read More : PSX Closes Lower as Market Turns Bearish
