The Pakistan Stock Exchange (PSX) continued its downward trend, wiping out the gains it had accumulated earlier in the week. Investors faced a turbulent session as the benchmark KSE-100 Index dropped significantly due to a mix of global economic uncertainty and local political tensions.
Market analysts attributed the slide to profit-taking by investors, along with concerns over rising inflation and interest rates. Additionally, a lack of clarity on the government’s economic policies has added to the bearish sentiment, prompting investors to adopt a cautious approach.
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Sectors that faced the most pressure included banking, cement, and oil & gas, which saw notable declines in stock prices. The ongoing depreciation of the Pakistani rupee and concerns over external debt payments have also fueled negative market sentiment.
Despite efforts by the government to stabilize the economy, the market’s performance has been shaky. Investors are now looking towards the upcoming economic data releases and any potential interventions by the State Bank of Pakistan to see if the market can recover its lost ground in the coming days.
