PSX falters on external sector woes, profit-taking
KARACHI: The Pakistan Stock Exchange (PSX) closed the final session of the week in the red on Friday, as external sector concerns and profit-taking dampened investor sentiment.
The benchmark KSE-100 index dropped by 556.16 points, or 0.32 per cent, ending at 171,404.49. The market’s performance reflected a battle between bulls and bears, with the latter prevailing as the session progressed.
This decline coincided with disappointing external sector data, which revealed a 15pc year-on-year drop in the overall exports to $2.421 billion in November. Textile exports fell by 3pc year-on-year and 12pc........
