KARACHI: The Pakistan Stock Exchange (PSX) faced a sharp decline at the start of the new trading week, driven by a wave of profit-taking among investors.
In intraday trading, the KSE-100 index plummeted by 2,990.71 points, settling at 165,997.36, down from the previous close of 168,990.07 points. This decline reflects ongoing market volatility amid cautious investor sentiment, particularly as discussions between the government and the International Monetary Fund (IMF) continue.
On the previous trading day, the index had gained 500.44 points, marking a 0.30% rise to close at 168,990.07 points, up from 168,489.63 points. Trading volume remained high, with approximately 1.57 billion shares exchanged slightly below the 1.57 billion shares traded the day before. The total value of shares traded reached Rs 78.66 billion, an increase from Rs 70.19 billion in the previous session.
Out of 485 listed companies, 201 posted gains, while 254 faced declines; 30 companies saw no change in their share prices.
