The Pakistan Stock Exchange (PSX) turned bearish on Thursday as profit-taking and rollover week pressure dragged the benchmark KSE-100 index down by 562 points, closing at 138,692. This marks a 0.40% decline compared to Wednesday’s 139,254 points.
Market analysts attributed the dip to investors cashing in gains after recent rallies, with cautious trading dominating the session. Topline Securities noted that while bullish sentiment persisted in some sectors, profit-booking prevailed amid rollover-induced uncertainty.
Overall, 648.8 million shares changed hands compared to 656.6 million in the previous session, while trading value dropped to Rs. 28.11 billion from Rs. 32.09 billion.
Among the 484 companies traded, 182 closed higher, 273 declined, and 29 remained unchanged. Analysts expect volatile movements to continue, with selective interest likely guiding the market’s near-term direction.