The Pakistan Stock Exchange (PSX) extended losing streak, with the benchmark KSE-100 index losing nearly 100 points in early trade on Thursday.
At 11:45am, the benchmark index was trading at 166,079.34, a decline of 66.00 points or 0.04 percent.
Selling was noted in key sectors as index-heavy stocks, including HUBCO, HBL, MEBL, NBP, MARI, OGDC and POL, traded in the red.
On Wednesday, the PSX faced significant pressure as a wave of institutional selling, fueled by concerns over valuation fatigue and profit-taking following recent gains, drove the market into a sharp, broad-based decline.
The KSE-100 Index closed at 166,145.35, down 1,496.93 points.
Meanwhile, the Pakistani rupee strengthened slightly against the US dollar, gaining 0.07% during Thursday’s early inter-bank trading. By 10:30 am, the currency was at 280.25, up Re0.21 from Wednesday’s close of 280.46.
