KARACHI: The Pakistan Stock Exchange (PSX) saw significant volatility on Thursday, with the benchmark KSE-100 index briefly surging above 165,000 before closing lower at 164,444.72, down 1,241.66 points or 0.75 per cent.

The session began on a strong note, with the index gaining as much as 1,178 points in early trading. However, the initial optimism was short-lived as profit-taking led to a sharp market reversal.

The pullback was primarily attributed to institutional portfolio rebalancing and profit-taking........

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