PSX extends losing streak as index plunges 2,062 points

PSX extends losing streak as index plunges 2,062 points

The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Tuesday as early gains were wiped out by heavy profit-taking and weak investor sentiment, pushing the benchmark index deep into the red. After opening on a positive note, the KSE-100 index climbed to an intra-day high of 163,380.67 points. However, momentum quickly reversed in the second half as investors booked profits from recent rallies. The index hit a low of 159,805.35 points b…

PSX sheds 2,063 more points to close at 160,101.03

The 100-index of the Pakistan Stock Exchange (PSX) witnessed a continued bearish trend on Tuesday, as the benchmark KSE-100 Index lost 2,062.78 points, showing a negative change of 1.27 percent, closing at 160,101.03 points against 162,163.81 points on the previous trading day. A total of 476 companies transacted their shares in the stock market; 113 recorded gains, 324 sustained losses, while 39 remained unchanged. The overall trading volume in…

PSX rebounds, gains nearly 1,200 points after SBP maintains status quo

After days of selling pressure, buying momentum returned to the Pakistan Stock Exchange (PSX) as the State Bank of Pakistan (SBP), in line with market expectations, kept the policy rate unchanged. The benchmark KSE-100 Index gained nearly 1,200 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 163,359.39, a gain of 1,195.58 points or 0.74%. Buying interest was observed in key sectors includin…