KARACHI: The fourth trading day of this week on the Pakistan Stock Exchange (PSX) began on a brisk note, but the mixed trend during the day took a negative direction. At the end of trading, the 100 index recorded a significant decline of 778 points.
The market’s 100 index closed at 119,153 points, while the mid-trade index also reached a high of 120,699 at one point. Yesterday’s close was 119,931 points, compared to which a significant drop was seen today.
Despite the initial boom in the market, investors’ tendency to take profits and uncertain economic conditions led to the downturn.
According to the experts:
- Negotiations with the International Monetary Fund (IMF) for 2025-26
- Possible changes in the super-tax
- Uncertainty about economic policy
These factors prompted investors to take a cautious approach.
The market witnessed selling pressure in several sectors today, especially in banking, cement, and oil & gas sectors.
Stock experts say that the trend of the market in the coming days will depend on the outcome of the budget and IMF negotiations.
