The Pakistan Stock Exchange (PSX) traded lower on Thursday, with the benchmark KSE-100 Index shedding more than 900 points in midday trading as investors resorted to profit-taking amid cautious market sentiment.
By midday, the KSE-100 Index stood at 180,701.35, down 928.01 points, or 0.51%, from the previous close of 181,629.36. The index fluctuated between an intraday high of 182,276.81 and a low of 179,411.35, reflecting heightened market volatility.
Trading volume reached 200.2 million shares, with a turnover of Rs13.84 billion. Banking, oil and gas, and automobile stocks remained under selling pressure.
Analysts said the market gave up its early gains as investors turned cautious in response to renewed tensions in the Middle East and concerns over global market trends and domestic economic indicators.