KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session on the fourth trading day of the week, as the initial upward trend soon gave way to a sharp decline. The benchmark PSX-100 index eventually closed below the 121,000 mark, reflecting investor caution amid ongoing economic uncertainty.
During the day, the PSX-100 index touched an intraday high of 121,745 points but failed to maintain momentum and closed at 120,002 points, down 1,463 points.
This follows yesterday’s session when the index closed at 120,465 points, marking a significant decline within 24 hours.
The sharp decline underscores traders’ concerns over political instability, external pressures, and expectations about fiscal policies and macroeconomic indicators.