KARACHI:
The KSE‑100 Index, the benchmark of the Pakistan Stock Exchange (PSX), fell sharply at midday on Thursday, losing 1,492.16 points (0.83%) to close at 177,591.64.
Earlier in the session the index hit an intraday peak of 180,310.44, but selling pressure drove it down to a low of 177,317.80. The previous day’s close was 179,083.80.
Trading volume reached 164.54 million shares with a total value of Rs15.22 billion, and the market continued to trade.
The drop follows Wednesday’s session when the index closed lower by 251.44 points (0.14%) at 179,083.80, after late profit‑taking erased earlier gains that had briefly pushed the level above 180,000.
Selling pressure was evident across key sectors such as commercial banks, cement, oil and gas exploration, oil marketing, and power generation. Heavy‑weight stocks including HUBCO, OGDC, PPL, PSO, HBL, MCB, MEBL and UBL all closed in the red.
Investors were taking profits after recent gains. Despite the mid‑day decline, the index remains up for the week and month. Trading continues, and the final close will hinge on activity in the remaining session.
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