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Pakistan Stock

PSX surges over 4,000 points ahead of Eid holidays

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PSX surges

KARACHI: Pakistan Stock Exchange witnessed a strong bullish trend on Monday as investors accelerated buying activity ahead of the Eid holidays.

The benchmark KSE-100 Index recorded a massive gain of 4,013 points during trading, driven by renewed investor confidence and positive regional market sentiment.

Market analysts said optimism grew after reports emerged regarding a possible agreement between the United States and Iran, which supported investor sentiment across financial markets.

Following the sharp rally, the KSE-100 Index climbed to 171,857 points.

Meanwhile, Asian stock markets also traded in positive territory amid improving global investor confidence.

KSE-100 falls 670 points as PSX closes lower

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KSE-100 falls

KARACHI: The Pakistan Stock Exchange (PSX) ended in negative territory on Friday as selling pressure pushed the benchmark index down by 670 points.

The benchmark KSE-100 Index closed at 167,844 points, compared to the previous close of 168,514 points.

During intraday trading, the index also touched a high of 169,624 points before declining later in the session.

Overall trading activity remained strong, with shares worth Rs22 billion changing hands as 478.7 million shares were traded.

A total of 563 companies participated in trading during the session. Of these, 160 companies recorded gains, while 280 witnessed declines.

Market analysts noted that the session reflected mixed investor sentiment as profit-taking dominated later in the day, leading to a negative close.

Pakistan Stock market plunges sharply, loses six psychological levels

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Pakistan Stock market

KARACHI: Trading at the Pakistan Stock Exchange(PSX) ended on a sharply negative note as the market witnessed heavy selling pressure, resulting in the loss of six key psychological levels.

At the close of business, the benchmark KSE-100 Index plunged by 6,042 points to settle at 182,338 points, compared to the previous day’s closing of 188,380 points.

During the session, the index touched an intraday high of 188,923 points, while the lowest level recorded was 181,961 points, reflecting extreme volatility.

Market activity remained robust as shares worth Rs52 billion were traded, with a total volume of 410 million shares exchanged during the day.

Selling pressure was mainly observed in fertilizer, commercial banking, oil and gas, cement, and power generation sectors.

According to market experts, the sharp decline was largely driven by profit-taking, which pushed the market into a steep downward trend.