Pakistan Stock Exchange drop down by 778 points

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.