Buying the attractive dip at PSX

Another meltdown at PSX as KSE-100 loses over 5,400 points

The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 began another week on a low note, losing more than 5,400 points during intraday trade on Monday. The KSE-100 index declined 5,478.63 points, or 3.16 per cent, to stand at 167,691.08 points from the previous close of 173,169.71 points. The index reached its intraday high of 174,336.85 points at 9:38am — higher than its previous close — but then plunged to an intraday low of 166,886.63 po…

Buying the attractive dip at PSX

The KSE-100, after touching euphoric highs, witnessed one of its sharpest single-day declines in recent history. Anxiety returned to trading floors. New investors panicked. Analysts rushed to identify the "reason" behind the correction. The easiest explanation is foreign selling. Over the past six weeks, foreign corporates have offloaded nearly $130 million (around Rs36 billion) worth of equities. Yet, this selling was almost fully absorbed by d…

PSX Crashes 5,400 Points as KSE-100 Falls Below 168,000 on Feb 23

Pakistan equities experienced a sharp downturn on Monday, wiping out last week’s gains and pushing the market deeper into negative territory. The KSE-100 Index plunged by 5,478 points, a 3.16% decline, to close at 167,691 points. Early in the session, the benchmark briefly fell by 6,283 points (3.63%) to touch a low of 166,886 points. […] The post PSX Crashes 5,400 Points as KSE-100 Falls Below 168,000 on Feb 23 appeared first on TechJuice.

PSX drops nearly 6,000 points amid selling spree

The Pakistan Stock Exchange (PSX) continued to witness selling pressure on Monday with the benchmark KSE-100 Index dropping over 5,000 points. At close, the benchmark index settled at 167,691.08, a decline of 5478.63 points or 3.16%. Selling pressure persisted across major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration firms, oil marketing companies (OMCs), power generation, and refineries. Heavyweigh…

PSX falls over 1,060 points amid geopolitical tensions

The Pakistan Stock Exchange (PSX) opened the new trading week under pressure on Monday, as investors turned cautious amid rising geopolitical tensions, triggering broad-based selling across key sectors. During intraday trade, the benchmark KSE-100 Index slipped by 1,060.48 points to reach 172,109.23 points, reflecting a 0.61 percent decline from the previous close of 173,169.71 points. Market analysts attributed the downturn to profit-taking and…

Buying returns to bourse, KSE-100 up nearly 500 points in early trade

Buying returned to the Pakistan Stock Exchange (PSX) with the US and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict. The benchmark KSE-100 Index gained nearly 500 points during the opening minutes of trading on Monday. At 9:30am, the benchmark index was hovering at 173,640.80, an increase of 471.09 points or 0.27%. Buying interest was observed in key sectors, including automobile assemblers, cement, co…