The Pakistan Stock Exchange (PSX) faced selling pressure on Friday, with the benchmark KSE-100 Index falling by more than 1,700 points during the second half of the trading session. At the close of the market, the KSE-100 Index stood at 154,439.68, a decrease of 1,701.56 points or 1.09%.
Key sectors including commercial banks, fertiliser, oil and gas exploration companies, refineries, and power generation witnessed substantial selling. Major index-heavy stocks such as NRL, HUBCO, MARI, OGDC, PPL, POL, MCB, MEBL, NBP, and UBL all closed in the red.
The negative trend followed Thursday’s session, where the PSX also ended in the red as profit-taking dominated the market. The KSE-100 Index dropped by 879.55 points, or 0.56%, closing at 156,141.25.
Why stock exchange index crossed 150,000 mark. Only the experts can tell us. Small investors should be careful.