The Pakistan Stock Exchange (PSX) opened the new business week on a negative note, witnessing a sharp downturn as investors engaged in heavy profit-taking amid uncertainty surrounding ongoing talks with the International Monetary Fund (IMF).
During intraday trading, the KSE-100 index plunged by 2,990.71 points, falling to 165,997.36, compared to the previous close of 168,990.07 points.
The decline follows a brief upward trend in the previous session, when the benchmark index had gained 500.44 points or 0.30 percent, closing at 168,990.07 against 168,489.63 on the prior trading day.
Trading activity remained strong, with 1.57 billion shares changing hands — nearly the same as the previous session’s 1.57 billion shares — while the total traded value increased to Rs 78.66 billion from Rs 70.19 billion.
Out of 485 companies that participated in trading, 201 recorded gains, 254 posted losses, and 30 remained unchanged, reflecting a mixed but overall bearish sentiment across the market.