PSX drops 293 points as KSE-100 Index hovers 165,517

The Pakistan Stock Exchange (PSX) dropped 293 points on Thursday, as the benchmark KSE-100 Index hovered around the 165,517.

The Pakistan Stock Exchange (PSX) witnessed a mixed trading session by midday on Thursday, as the benchmark KSE-100 Index hovered around the 165,700–166,800 level after opening near its previous close of 165,811 points. According to the latest available data, the index stood at approximately 165,736 points, reflecting a marginal decline of about 74 points or 0.04% from the previous day’s close. The index touched an intraday high of 161,993 and a low of 166,812.93, indicating significant volatility in early trading before stabilising. 

Trading activity remained robust, with total volume crossing 572 million shares valued at over Rs 33.95 billion in roughly 289,000 trades. Market breadth leaned negative, with 301 stocks declining, 168 advancing, and 96 remaining unchanged out of 565 active scrips.

Fertilizer and banking stocks saw some profit-booking today. However, selective buying continued in cement, energy, and textile counters. Notable gainers included certain textile names like Service Industries Textile (up over 2.8%) and Shadman Cotton, while some blue-chip stocks faced mild selling pressure. 

On Wednesday, PSX registered its highest single-day gain of over 14,000 points (+9%) in history, as investors cheered the global peace momentum brokered by Pakistan and easing tensions between the United States and Iran.