The Pakistan Stock Exchange (PSX) experienced a continued decline for the second straight trading day, driven by investor profit-taking and uncertain economic conditions.
The benchmark PSX-100 index fell sharply by 1,578 points during the day’s trading, closing at 166,173 points. Though the index reached an intra-day high of 168,518, it ultimately dropped to a low of 165,997 before the close.
The previous day’s closing stood at 167,752 points, and this sustained downward pressure has negatively impacted investor sentiment.
Market analysts attribute the cautious behavior of investors to ongoing volatility in global financial markets combined with persistent domestic economic concerns.
