The Pakistan Stock Exchange (PSX) witnessed a bearish session on Thursday as the benchmark KSE-100 index fell by 562 points, or 0.40%, settling at 138,692 points, down from the previous close of 139,254 points.
According to a report by Topline Securities, the market’s pullback came after a strong rally in recent sessions, as investors opted to lock in gains ahead of the rollover week. Analysts noted a tug-of-war between bullish sentiment and rollover-induced caution, with profit-taking dominating the day.
During the session, 648.8 million shares were traded, slightly lower than 656.6 million shares a day earlier. The total traded value also declined to Rs. 28.1 billion, compared to Rs. 32.09 billion in the previous session.
Out of 484 companies that traded, 182 recorded gains, 273 closed in the red, while 29 remained unchanged. Analysts expect choppy movements to continue in the coming sessions, with selective buying likely dictating short-term direction.
