PSX Suffers Deep Losses
The Pakistan Stock Exchange (PSX) witnessed a sharp downturn, with the benchmark index extending its losing streak amid heightened volatility and subdued corporate earnings.
The KSE-100 index lost over 1,730 points to settle at 156,730. Investor sentiment remained fragile, with heavyweight stocks such as Engro, The Bank of Punjab (BOP), Systems Limited, United Bank, and MCB Bank dragging the index lower.
- Heightened volatility
- Subdued corporate earnings
- Heavy rollover activity
Despite the decline, overall participation stayed strong, indicating continued retail and institutional engagement.
Investor sentiment remained fragile throughout the session, with the market swinging widely before closing deep in the negative territory.
Author's summary: PSX faces significant losses amid volatility.