PSX Suffers Deep Losses
The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Thursday, with the benchmark index extending its losing streak amid heightened volatility, subdued corporate earnings, and heavy rollover activity.
The KSE-100 index lost over 1,730 points to settle at 156,730. Investor sentiment remained fragile throughout the session, with the market swinging widely before closing deep in the negative territory.
- Heavyweight stocks such as Engro, The Bank of Punjab (BOP), Systems Limited, United Bank, and MCB Bank dragged the index lower.
- Investor caution over uncertain macroeconomic conditions and mixed earnings announcements contributed to the decline.
Despite the decline, overall participation stayed strong, indicating continued retail and institutional engagement even in a risk-averse environment.
No specific quotes available in the text.
Author's summary: PSX faces significant losses due to volatility and poor earnings.
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