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A day after the Pakistan Stock Exchange (PSX) recorded its largest single-day decline, the benchmark KSE-100 Index fell further by 4,800 points during intra-day trading on Thursday. By 2:45 PM, the index stood at 106,204.46, reflecting a drop of 4,865.83 points or 4.38%.
Sectors such as chemicals, commercial banks, power generation, and refineries faced significant selling pressure.
Heavyweight stocks, including MARI, HUBCO, NRL, HBL, NBP, MCB, and UBL, remained in the red.
The continued downturn follows Wednesday’s massive sell-off, where the KSE-100 Index saw a historic single-day loss of 3,790 points, closing slightly above 111,000. Investors engaged in profit-taking amidst mounting economic concerns.
In contrast, the Pakistani rupee showed marginal improvement against the US dollar during Thursday’s interbank market opening.
By 10:00 AM, the currency was trading at 278.16, appreciating by Re0.07 or 0.03% compared to Wednesday’s closing rate of 278.23, as reported by the State Bank of Pakistan (SBP).
