The Pakistan Stock Exchange (PSX) experienced a turbulent session on Thursday, as initial gains gave way to a wave of sharp selling pressure, dragging the market into negative territory by the end of the day.
After starting on a strong note, the PSX-100 index failed to maintain its momentum and closed at 164,444, down 1,241 points.
During intraday trading, the index had touched a high of 166,864 points, buoyed by investors’ hopes on improving market conditions and positive economic indicators. However, this optimism faded in the latter half of the session as investors opted to lock in profits amid renewed uncertainty over fiscal and policy developments.
A day earlier, on Wednesday, the benchmark index had closed at 165,686 points, meaning Thursday’s decline erased the modest gains recorded in the previous session.
Market analysts believe that the decline reflects investors’ cautious approach ahead of upcoming economic data releases and possible adjustments to monetary policy. Despite the downturn, trading activity remained relatively active, indicating that investors are waiting for the right time to re-enter the market once stability returns.
