KARACHI:
The Pakistan Inventory Trade (PSX) witnessed a pointy profit-taking session on Thursday because the benchmark KSE-100 Index got here below heavy strain after Wednesday’s huge rally.
The index, which had surged over 4,347 factors or 2.82% on March 25 to shut at 158,313.44 amid easing Center East tensions and falling world oil costs, erased a good portion of these features.
By mid-session, the KSE-100 was buying and selling across the 153,300–154,800 stage, reflecting a decline of almost 3,000 to five,000 factors, or roughly 2–3.17%.
Learn: Shares slide, oil features with Mideast ceasefire prospects centre stage
Market highlights confirmed the index touching an intraday excessive of 157,591.23 earlier than slipping to a low close to 153,096.34. Buying and selling quantity remained strong, with over 249 million shares altering palms and the overall market worth crossing Rs19 billion.
The broader market sentiment turned cautious as traders locked in income following the day prior to this’s sturdy efficiency, which was fueled by constructive world cues, expectations of a possible ceasefire within the Center East, and declining gasoline costs.
