pakistan
PSX slumps as KSE-100 loses 3,672 points amid rising oil prices
Key takeaways
- Add ARY News on Google Karachi: The benchmark KSE-100 Index at the Pakistan Stock Exchange (PSX) extended its bearish trend on Thursday, shedding 3,672.08 points during intra-day trading.
- The index declined by 2.21 percent to 162,151.79 points, down from 165,823.88 points recorded on the previous trading day, according to PSX data.
- Market analysts attributed the sharp downturn to continued selling pressure from local mutual funds, which intensified the negative momentum.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google Karachi: The benchmark KSE-100 Index at the Pakistan Stock Exchange (PSX) extended its bearish trend on Thursday, shedding 3,672.08 points during intra-day trading.
The index declined by 2.21 percent to 162,151.79 points, down from 165,823.88 points recorded on the previous trading day, according to PSX data.
Market analysts attributed the sharp downturn to continued selling pressure from local mutual funds, which intensified the negative momentum. Weak corporate earnings, falling short of market expectations, further dampened investor sentiment and triggered broad-based selling.
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