The Pakistan Stock Exchange (PSX) saw continued selling pressure on Thursday, with the benchmark KSE-100 Index dropping by 1,962.86 points, or 1.18%, to settle at 164,590.41 points. The index hit an intra-day low of 164,395.38 during the session.
According to brokerage house Topline Securities, the decline was mainly due to profit-taking ahead of the upcoming rollover week and disappointing financial results from Bank Al Habib (BAHL) and Bank Alfalah (BAF).
Key laggards included BAHL, HMB, LUCK, HUBC, and ENGRO, which collectively contributed a loss of 1,019 points to the index.
On Wednesday, the KSE-100 had already closed down by 793.56 points, or 0.47%, settling at 166,553.28 points, amid a volatile session.
