KARACHI – The Pakistan Stock Exchange (PSX) extended its losing streak on Friday as bearish sentiment gripped the market, with investors opting to book profits before the weekend.
During intraday trading, the benchmark KSE-100 index plunged by 1,100.4 points, falling to 163,490.37 points — a 0.67% decline. Analysts attributed the sell-off to profit-taking after an active week of trading, as investors sought to adjust their portfolios ahead of market closure.
Read More: PSX Hits All-Time High Amid Army Chief Assurance for Businesses
Thursday’s session had already seen a major dip, with the index dropping by 1,962.87 points, or 1.18%, closing at 164,590.41 points.
In total, 474 companies traded shares, of which 147 gained, 291 declined, and 36 remained unchanged. Trading volume stood at 1.50 billion shares, slightly lower than Wednesday’s 1.57 billion, while the traded value dropped to Rs49.52 billion from Rs55.06 billion. Market capitalization also fell to Rs18.99 trillion from Rs19.21 trillion.