Karachi: The second trading day of the week ended on a weak note at the Pakistan Stock Exchange as the PSX-100 index failed to sustain its earlier gains and closed down 254 points at 121,971.
The day started with signs of recovery as the index touched 122,891, but the rise was short-lived. By mid-session, bearish sentiment took over, erasing earlier gains and pushing the index into the red.
Traders pointed to profit booking, lack of fresh stimulus, and broader geopolitical unrest in the region as reasons behind the pullback.
The session witnessed cautious activity, indicating that investors may continue to trade conservatively until market clarity improves.