The Pakistan Stock Exchange witnessed a sharp correction on Thursday. The benchmark KSE-100 index dropped significantly during intraday trading. The PSX showed strong selling pressure across multiple sectors.
The KSE-100 index fell to around 151,366 points. This marked a decline of 2,926 points from the previous close of 154,292. The drop represents a loss of about 1.90 percent. During the session, the PSX index moved between a low of 150,728 and a high of 152,699.
Market activity remained active despite the decline. Total trading volume crossed 79 million shares in the regular market. The traded value was estimated between Rs8 to Rs10 billion. Around 569 companies were part of the day’s trading.
Declining stocks clearly outnumbered advancing ones. About 302 stocks closed lower, while only 139 gained. Around 128 stocks remained unchanged. This reflects a broad-based negative trend in the PSX.
The decline comes just one day after a strong rally. On the previous trading day, the KSE-100 index surged by more than 4,000 points. That gain was driven by buying in key sectors like banking, cement, oil and gas, and fertilizers.
However, Thursday’s drop erased a large portion of those gains. Market analysts say such movements highlight ongoing volatility in the stock market. Investors appear cautious due to changing economic and regional conditions.
Despite the recent decline, the market has shown strong performance over the past year. The KSE-100 index is still up by around 28 to 29 percent over the last 12 months. Earlier this year, the index reached highs close to 191,000 points.
However, the year-to-date performance shows a decline of about 13 percent. This indicates fluctuations in investor sentiment and market conditions. Experts advise investors to stay informed and cautious during volatile periods.
In other news read more about PSX Shows Recovery Amid Volatile Session, KSE-100 Crosses 150,000 Mark
The recent movement in the PSX reflects a mix of profit-taking and uncertainty. Analysts expect continued fluctuations in the coming sessions.
