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PSX plunges as KSE-100 index drops over 6,000 points

PSX plunges

Karachi: The Pakistan Stock Exchange witnessed a sharp bearish trend at the start of the trading week, with heavy losses recorded throughout the session.

Trading opened on a negative note, with the benchmark KSE-100 Index falling nearly 3% during intraday activity. The index shed around 4,861 points in early trading, reflecting strong selling pressure in the market.

After 1:00 PM, the index hovered around 162,329 points before slipping further to 161,638 points as the downward trend intensified.

By the close of trading, the KSE-100 Index had plunged by 6,600 points, settling at 160,591, marking a significant decline on the first day of the business week.

Karachi Stocks plunge over 5,400 points amid global and domestic pressures

Karachi Stocks plunge

KARACHI:  The Pakistan Stock Exchange (PSX) witnessed a sharp decline today, with the KSE-100 Index closing over 5,400 points lower.

The trading week began on a negative note, as the market opened with a downturn and sustained bearish momentum throughout the day.

The KSE-100 Index fell by 633 points to 172,536 in early trading, and continued to drop during the session, reaching 170,980 points—a loss of 1,556 points.

By the close of trading, the downward trend persisted, and the index ended at 167,691, down 5,478 points for the day. The day’s intraday high for the KSE-100 was 174,336 points, while the lowest point recorded was 166,886. Overall, the index experienced a 3.16% decline during the session.

Speaking at a listing ceremony, PSX CEO Farukh Sabzwari said that the decline is influenced by interest rate cuts and international political developments.

He added that the situation at Reko Diq, company earnings reports, and global oil price uncertainties amid the ongoing US-Iran tensions are also affecting market sentiment.

Sabzwari noted that the PSX has fallen from its peak in January and that global and domestic factors continue to shape investor behavior.

PSX closes week lower, 100-Index loses over 6,000 points

PSX closes week

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a significant bearish trend during the outgoing week, as heavy selling pressure dragged the benchmark index sharply lower.

During the week, the KSE-100 Index plunged by 6,434 points, closing at 173,169 points, down from the previous week’s closing level of 179,603 points. The market lost six key psychological levels over the course of the week.

Out of the five trading sessions, the market remained negative on three days, while only two sessions ended in positive territory.

The benchmark index touched a weekly high of 179,969 points, while the lowest level recorded during the week stood at 169,592 points.

Over the five trading days, overall market capitalization declined by Rs756 billion, settling at Rs19,602 billion by the end of the week.

Trading activity remained robust, with approximately 3.26 billion shares changing hands, generating a total turnover of Rs187 billion.

Market experts attributed the downturn to escalating tensions between the United States and Iran, along with widespread selling pressure in key sectors, which weighed heavily on investor sentiment.

PSX sees volatile trading, index records marginal decline

PSX sees volatile

KARACHI: Trading activity at the Pakistan Stock Exchange (PSX) remained volatile during the past week, with the benchmark 100-Index posting a marginal decline.

Over the week, the 100-Index shed 45 points, closing at 184,129 points, compared to 184,174 points at the end of the previous week. Due to a public holiday on Youm-e-Kashmir, trading activities were limited to four days during the week.

Market performance remained mixed, as the PSX witnessed three bullish sessions and one bearish session. During the week, the index touched a highest level of 188,312 points, while the lowest level recorded was 182,792 points.

The market capitalization also took a hit, declining by Rs 86 billion during the five-day trading period. As a result, total market capitalization dropped to Rs 20,882 billion by the end of the week.

Market analysts attributed the subdued performance mainly to profit-taking by investors and concerns arising from the US-Iran tensions, which weighed on overall investor sentiment and limited buying activity.

Strong buying pushes PSX back into high gear

Strong buying pushes

KARACHI: The Pakistan Stock Exchange (PSX) recorded a robust performance during the outgoing week, with the benchmark KSE-100 Index gaining 4,068 points.

During the five-day trading period, the index rose from 185,098 points to close at 189,166 points, reflecting renewed investor confidence. The market successfully regained four key psychological levels over the week.

Trading activity remained mixed, as the market witnessed declines on two days and gains on three days.

During the week, the KSE-100 Index touched a high of 189,566 points, while the lowest level was recorded at 186,127 points.

Over the five trading sessions, market capitalization increased by Rs244 billion, taking the total market cap to Rs21,219 billion.

Market experts attributed the positive trend to expectations of a cut in the monetary policy rate, which encouraged fresh investment. They added that buying interest in undervalued stocks by investors further supported market capitalization growth.

PSX sees bullish week with major sector gains

PSX sees bullish

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a remarkable week of bullish activity, reaching new record highs across major indices.

During the week, the KSE-100 Index surged by 5,375 points, climbing from 179,034 at the start of the week to 184,409 at closing. The index traded at a week-high of 187,015 points and a week-low of 179,535 points.

Market analysts noted that five key psychological levels were restored over the week, with three days of gains and two days of minor declines.

The market capitalization also saw a significant boost, rising by PKR 555 billion over the five-day trading period to reach PKR 20,768 billion.

Experts attributed the bullish trend to institutional investments and expectations of a potential reduction in the policy rate. Strong performances were seen in banking, energy, cement, and fertilizer sectors, among other key industries.

Daily turnover reached nearly PKR 85 billion, marking the highest levels in two decades, highlighting investor confidence and market momentum.

The PSX’s performance reflects renewed optimism among investors, signaling a positive outlook for Pakistan’s equity markets in the near term.

PSX continues bullish run as index jumps more than 2,600 points

PSX continues bullish

Karachi: The Pakistan Stock Exchange (PSX) continued its strong upward trend on the second trading day of the year, with the benchmark KSE-100 Index posting significant gains.

Trading on the final day of the business week began on a positive note, with the 100 Index crossing the 179,000-point mark during early hours. At one point, the index surged by 2,661 points to reach 179,016.

By the end of the first session, the index was halted at 178,504 points, while a total of 570 million shares were traded, generating a turnover of Rs 32 billion.

It is worth noting that a strong bullish trend was also observed on the first trading day of the New Year, when the PSX 100 Index closed at 176,355 points, gaining 2,300 points.

Market analysts attribute the sustained rally to renewed investor confidence and positive economic expectations at the start of the year.

PSX hits record high as KSE-100 crosses 174,000 points

PSX hits record high

KARACHI:  The Pakistan Stock Exchange (PSX) reached a historic milestone as the benchmark KSE-100 Index climbed to an all-time high during intraday trading.

During the session, the KSE-100 Index crossed the 174,000-point level for the first time in history, reflecting strong investor confidence.

The market opened on a positive note at the start of the business week, with the index gaining momentum throughout the session and at one point rising more than 1,411 points above 174,000.

By the close of trading, the KSE-100 Index settled at 173,896 points, registering a net gain of 1,495 points.

Trading activity remained robust, with around 850 million shares changing hands, valued at approximately Rs42 billion. Market capitalization increased by Rs125 billion to reach Rs19,590 billion.

According to economic analysts, positive developments related to key institutions, including the Fauji Foundation, and other favorable economic indicators contributed to the strong bullish trend in the stock market.

PSX records weekly gains as market sentiment improves

PSX records

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong upward trend during the past week, with the KSE-100 Index climbing 2,779 points over the five-day trading period. The index closed at 169,864 points, up from 167,085 points at the start of the week.

During the week, the market saw two days of decline and three days of gains, reaching a record high of 170,697 points, while the weekly low stood at 167,386 points. Market capitalization increased by PKR 28.2 billion, taking the total to PKR 19,321 billion.

Investors showed renewed confidence following the IMF installment approval, with 48.38% of shares recording price gains across the board. Analysts noted that the market’s psychological thresholds were restored, contributing to the bullish momentum.

The week highlighted a recovery in investor sentiment and optimism over economic stability, reflecting positively on both the KSE-100 Index and overall market performance.

Weekly Report: Pakistan Stock Exchange surges by 4,575 points

Weekly Report

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend during the past trading week, with the KSE-100 Index rising by 4,575 points.

The index closed the week at 166,677 points, up from 162,102 points at the start of the week. During the week, the market recovered four psychological levels, reflecting investor confidence.

Over the five trading days, the market saw three days of gains and two days of declines. The highest level of the KSE-100 Index during the week was 167,005 points, while the lowest level was 160,564 points.

Market capitalization increased by PKR 353 billion, bringing the total to PKR 18,866 billion.

Around 42.21% of listed stocks recorded price increases. Shares of 1,009 companies gained, while 1,172 companies saw declines.

Analysts attributed the market rally to renewed buying interest from local institutions and individual investors, which helped sustain the bullish momentum.