Severe downturn hits fays after benchmark reaches
The Pakistan Stock Exchange (PSX) has experienced a significant downturn, with the market tumbling by over 4,900 points. The KSE-100 Index dropped to 106,154 points, reflecting a major loss after a continuous sell-off pressure that followed the recent monetary policy announcement.
This marks the third consecutive day of losses, with the market facing intense selling pressure. The PSX has now lost a total of 9,000 points over the past three days, breaking multiple key levels, including the 111,000, 110,000, 109,000, and 107,000 points thresholds.
The current market slump is the largest in PSX history, and investors are grappling with ongoing uncertainty following the recent policy changes.
Earlier, the Pakistan Stock Exchange (PSX) recovered after a bearish phase, gaining 2,671 points to enter positive territory.
The market closed with the benchmark KSE-100 Index up by 675 points, reaching 111,745 points.
The recovery restored three key levels in the market—109,000, 110,000, and 111,000 points—indicating renewed investor confidence. The positive momentum relieved traders following a period of uncertainty.
