PSX: selling at bourse, KSE-100 sheds over 800 points
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points during the opening hours of trading on Thursday. At 11:05am, the benchmark index was hovering at 165,075.01, down 855.97 points or 0.52%. Key sectors saw selling, including automobile assemblers, cement, oil and gas exploration companies, OMCs, power generation, and…
The Pakistan Stock Exchange (PSX) experienced a significant sell-off on Thursday, with the KSE-100 Index shedding over 800 points during the opening hours of trading. By 11:05am, the benchmark index was trading at 165,075.01, down 855.97 points or 0.52%. Sectors that saw selling pressure included automobile assemblers, cement, oil and gas exploration companies, OMCs, power generation, and refineries.
Index-heavy stocks such as ARL, HUBCO, MARI, OGDC, PPL, PSO, SSGC, SNGPL, HBL, and UBL traded in the red. The sharp decline comes after a rebound on Wednesday, when renewed institutional buying, optimism over diplomatic efforts to resolve the US–Iran conflict, and expectations surrounding the draft Auto Policy 2026–31 lifted the index.
Globally, Asian stocks struggled to stay above water, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.2% on Thursday, on track for a fourth straight week of decline.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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