PSX falls 1,437 points amid profit-taking

The market opened under pressure on Thursday with early selling pushing the index down to an intraday low of 2,354 points. Mid-session optimism sparked a rebound, briefly lifting the market into positive territory with an intraday high of 1,221 points.

However, the recovery proved short-lived as profit-taking and cautious sentiment amid the ongoing Middle East conflict dragged the index back into the red.

By the closing bell, the benchmark settled at 154,421, down 1,437 points (-0.92%), as investors reacted to fluctuations in international oil prices and a volatile global backdrop.

Among index-heavy stocks, ENGROH, SYS, SRVI, EFERT, and HINOON emerged as key gainers, collectively adding 745 points to the index. On the flip side, UBL, LUCK, OGDC, HUBC, and MCB weighed heavily on the market, cumulatively dragging 972 points from the benchmark.

Market participation remained active, with total traded volume reaching 404 million shares, while turnover stood at Rs. 24.67 billion. HASCOL led the volume leaders’ board, with trading exceeding 38 million shares.