heavy selling
KARACHI
The Pakistan Stock Exchange (PSX) endured a sharp bearish session on Friday, as the benchmark KSE-100 index closed at 179,603.73, down 908.91 points or approximately 0.50% from the previous day’s close. This decline extended a two-day correction, with cumulative losses exceeding 3,400 points over the period amid persistent selling pressure across major sectors. Trading commenced on a volatile note, with the index dipping sharply intraday to as low as around 178,237 before partial recovery in late sessions.
Heavy offloading was evident in banking, fertiliser, energy (including oil & gas exploration and marketing companies), cement, and power generation stocks.
Market turnover remained robust, with over 708 million shares traded valued at nearly Rs39 billion, indicating active participation despite the downturn.
