Thursday’s session on the Pakistan Stock Exchange (PSX) was tumultuous, with early gains being erased by a steep decline later in the day, resulting in billions of dollars in losses for investors.
The KSE-100 index rose more than 700 points at the beginning of trade, hitting a record high of 120,699 points. But as the afternoon went on, bearish pressure took control, and the index ultimately finished at 119,153, down 778 points.
Despite Wednesday’s optimistic closing, when the index had increased 960 points to close at 119,931, this decline occurred.
Data from PSX indicates that during the session, 223.28 million shares valued at more than Rs 20.65 billion were exchanged.
