For the second consecutive trading day on the Pakistan Stock Exchange (PSX), the KSE-100 index managed to cross the 180,000-point mark, however, this level could not be maintained at the end of the trading session and a sharp decline was recorded in the market.
During the trading session, the benchmark KSE 100 index rose by more than 1,250 points at one point, as a result of which the index reached the highest level of the day at 180,310 points.
However, due to selling pressure in the last part of the trading session, the bullish trend turned bearish and the index closed at 177,373.76 points after falling by 1,710.04 points.
On the other hand, the KMI-30 index, an important measure of Islamic investment, also saw a decline. The index closed at 253,872.99 points after a decline of 2,200.83 points (0.86 percent). It had closed at 256,073.82 points in the previous trading session.
Trading activities also remained prominent in the stock market, where a total of more than one billion 70 million shares were traded, worth more than Rs 37 billion.
The total investment value of the market also recorded a decrease of Rs 152 billion, after which the market capitalization decreased to Rs 19,224 billion.
