PSX loses over 2,000 points during intraday trade |
PSX loses over 2,000 points during intraday trade
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 witnessed a loss of over 2,000 points during intraday trading on Thursday after seeing a significant recovery a day earlier.
The KSE-100 declined by 2,643.02 points or 1.67 per cent to stand at 155,670.42 points at 11:59am from the previous close of 158,313.44 points.
On Wednesday, value-hunting lifted the benchmark KSE-100 index above the 158,000 mark amid cautious optimism over easing geopolitical tensions in the Middle East.
The KSE-100 index had closed at 158,313, up 4,347 points, reflecting improved market sentiment.
During the session, the index touched an intraday high of 158,586 points and a low of 155,199, as buying interest remained firm across key sectors.
Analysts attributed the positive momentum a day earlier to softer international oil prices and expectations of de-escalation in regional tensions, which bolstered investor confidence.
Topline Securities on Wednesday said the market’s upward trajectory was supported by strong performances from index-heavy stocks, including MCB Bank, Fauji Fertiliser Company, Systems Ltd, Lucky Cement and Hub Power Company, which collectively added 1,613 points to the index.
Trading activity remained robust on Wednesday, with total volume recorded at around 612 million shares and turnover at Rs34.5 billion. Unity Foods led the volumes chart, with approximately 72m shares traded.
Ali Najib of Arif Habib Ltd said the PSX witnessed broad-based buying, with the benchmark index gaining 2.82pc as sentiment improved on the back of easing geopolitical concerns.
He noted that renewed diplomatic efforts, including Pakistan’s role in facilitating dialogue between the United States and Iran, helped fuel optimism about a potential de-escalation.
Another meltdown at PSX as KSE-100 loses over 5,400 points
PSX rallies 1,200 points after Eid break
PSX recovers 4,347 points on value buying
Chery Master Pakistan gears up to deliver Tiggo 8 PHEV in April 2026
K&N’s SmartCooking Recipes: Cheesy Sausage Toffee
Zong 5G is live; Leading Pakistan’s digital journey into a new era with commercial 5G launch!
Chery Master Pakistan gears up to deliver Tiggo 8 PHEV in April 2026
K&N’s SmartCooking Recipes: Cheesy Sausage Toffee
Zong 5G is live; Leading Pakistan’s digital journey into a new era with commercial 5G launch!
Chery Master Pakistan gears up to deliver Tiggo 8 PHEV in April 2026
Met Office predicts rain, thunderstorms across country from March 24-30
Work begins on pedestrian bridges at Pindi’s Kutchery Chowk
US reportedly sends peace plan as Iran opens Strait of Hormuz to ‘non-hostile’ oil vessels
Why is Pakistan suddenly central to US‑Iran diplomacy?
Pakistan stands ‘ready, honoured’ to host US-Iran talks, says PM Shehbaz
Sindh minister says govt contemplating smart lockdown as fuel conservation measure
Javed Khanani dies after falling from building in Karachi, say police
Gold falls over Rs43,000 to Rs447,762 per tola
Pakistan in the limelight as US, Iran ‘open backchannel’
PSX loses over 2,000 points during intraday trade
Social media platform X faces global outage not linked to country-level disruption: NetBlocks
Trump plans May visit to China for talks with Xi after Iran war delay
PM Shehbaz highlights Pakistan’s role in Middle East de-escalation in meeting with Chinese envoy
Israel strikes Iran as Trump says Tehran wants deal to end war
No progress as Iran, US stay entrenched, downplay prospects of direct talks
War and climate resilience
International silence
Fertiliser constraints
ICC Prosecutor Karim Khan Investigating Israel Cleared
Why South Pars and Ras Laffan Matter to Global Energy
Why Netanyahu May Not Want The War To End
Muslims Worldwide Celebrate Eid‑ul‑Fitr Amid Regional Variations and Challenges
Global Markets Slide as War and Oil Shock Drive Volatility
Explainer: How Wars Trigger Global Inflation
Oil Prices Hold Steady Despite Middle East Escalation
ICC Prosecutor Karim Khan Investigating Israel Cleared
Why South Pars and Ras Laffan Matter to Global Energy
Why Netanyahu May Not Want The War To End
Muslims Worldwide Celebrate Eid‑ul‑Fitr Amid Regional Variations and Challenges
Global Markets Slide as War and Oil Shock Drive Volatility
Explainer: How Wars Trigger Global Inflation
Oil Prices Hold Steady Despite Middle East Escalation
ICC Prosecutor Karim Khan Investigating Israel Cleared
Why South Pars and Ras Laffan Matter to Global Energy
Why Netanyahu May Not Want The War To End
Muslims Worldwide Celebrate Eid‑ul‑Fitr Amid Regional Variations and Challenges
Global Markets Slide as War and Oil Shock Drive Volatility
Clerics from Pakistan, Afghanistan appeal to authorities to extend pause in fighting till Eidul Azha
Met Office predicts rain, thunderstorms across country from March 24-30