The Pakistan Stock Exchange (PSX) faced another challenging session on Thursday, with the benchmark KSE‑100 Index sliding to 16 4,590.41 points, a drop of 1,962.87 points (1.18%), as investors booked profits ahead of rollover week.
📉 What Drove the Decline?
- Mixed investor sentiment and sharp intraday fluctuations—from a high of 166,720.42 to a low of 164,395.39—reflected heightened volatility. Dawn
- Profit-taking dominated market discourse, especially as weaker-than-expected results from major banks such as Bank Al Habib and Bank Alfalah dented investor confidence. The broader base of stocks (including Lucky Cement and Hub Power Company) also contributed to the drag. Dawn
- Trading activity slowed: volumes declined about 4% to ~1.5 billion shares, and traded value fell more than 10% to Rs 49.5 billion. Dawn
🕰 Market Outlook: Consolidation Expected
Analysts indicate the market remains in a consolidation phase. A breakout above the 166,000-point threshold is seen as critical for renewing upward momentum. Until then, caution among investors is likely to persist.
