The Pakistan Stock Exchange (PSX) witnessed a bearish trend during the early trading session on Thursday, as investors opted to book profits following recent gains.
By 9:45 AM, the benchmark KSE-100 Index had dropped by 605.47 points, or 0.36%, to reach 165,947.80 points.
Selling pressure was observed across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries.
Major contributors to the index’s decline included Attock Refinery Limited (ARL), Hub Power Company (HUBCO), Mari Petroleum (MARI), Oil and Gas Development Company (OGDC), Pakistan Oilfields (POL), Pakistan Petroleum Limited (PPL), Habib Bank Limited (HBL), Meezan Bank, and National Bank of Pakistan (NBP) — all of which traded in the red zone.
It is worth noting that on Wednesday, the PSX had also ended lower amid volatility, with the KSE-100 Index falling by 793.56 points (0.47%) to close at 166,553.28 points.
