PSX up 800 points after holiday reopen
The Pakistan Stock Exchange (PSX) closed nearly flat after an early rally was erased by late-session profit-taking. Major corporate earnings reports from companies like APL and POL influenced market movement.
Why it matters
Market volatility in the PSX reflects broader economic uncertainty and investor sentiment regarding corporate dividend payouts in Pakistan.
--> Home Business PSX ends flat, selling erases early gains KSE-100 consolidates; benchmark slips around 50 points after touching 178,650
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Photo: Express KARACHI: The Pakistan Stock Exchange closed almost unchanged on Thursday as late profit-taking wiped out an early rally, leaving the KSE-100 Index down around 50 points to over 177,320.
PSX witnessed a consolidation session, with the KSE-100 Index closing flattish at 177,323, down 48 points (-0.03% DoD).
The market opened on a positive note, briefly touching an intraday high of 178,650 (+1,279 points; +0.72%). However, few traders opted for profit-taking as the session progressed, erasing earlier gains and resulting in a marginally negative close, said 𝐀𝐥𝐢 𝐍𝐚𝐣𝐢𝐛, Deputy Head of Trading at Arif Habib Ltd.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in