PSX sheds over 900 points in mid-session trading

Index touches an intra-day high of 182,276.81, low of 179,411.35, indicating volatility in session

KARACHI:

The Pakistan Stock Exchange (PSX) witnessed a bearish trend during midday trading on Thursday, with the benchmark KSE-100 Index declining by over 900 points amid profit-taking and cautious investor sentiment.

The KSE-100 Index stood at 180,701.35 points, reflecting a loss of 928.01 points or 0.51 percent from the previous close of 181,629.36. The Index touched an intra-day high of 182,276.81 and a low of 179,411.35, indicating volatility in the session.

Trading volume reached 200.2 million shares, while the total traded value stood at Rs13.84 billion. Market breadth showed mixed participation across sectors.

Analysts noted that early gains were erased as investors did panic selling following recent Middle East tensions. Key sectors, including banking, oil and gas, and automobiles, faced selling pressure. The market opened on a positive note but could not sustain momentum amid concerns over global cues and domestic economic indicators.

Read: PSX dives 4600 points over ME tensions

The broader market sentiment remains influenced by expectations around macroeconomic trends and ongoing developments in the energy sectors. Investors are closely monitoring upcoming corporate earnings and any policy signals from the State Bank of Pakistan.

Market participants believe the current dip could present buying opportunities for fundamentally strong stocks, though short-term caution persists.

The KSE-100 Index has shown resilience in recent weeks but remains sensitive to both local and international triggers.