The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Thursday, with the benchmark KSE-100 Index shedding more than 4,800 points, or 2.9 per cent, during early trading hours.
According to the latest market highlights, the KSE-100 Index was trading at 161,011.70, down 4,812.17 points from the previous close of 165,823.87. The index witnessed an intraday high of 164,357.47 and a low of 160,391.18, reflecting significant volatility in the session. Market analysts attributed the sharp decline to profit-taking by investors on concerns over macroeconomic indicators. Trading activity remained robust, with the total volume reaching 161.18 million shares, while the traded value stood at Rs12.02 billion.
The market opened in the red and remained under pressure throughout the morning session. A broad-based sell-off was observed across major sectors, dragging the benchmark index lower.