{"id":429920,"date":"2024-09-08T00:33:51","date_gmt":"2024-09-07T19:33:51","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=429920"},"modified":"2024-09-08T00:33:51","modified_gmt":"2024-09-07T19:33:51","slug":"profit-taking-wipes-out-almost-all-gains-at-psx","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/profit-taking-wipes-out-almost-all-gains-at-psx\/","title":{"rendered":"Profit-taking wipes out almost all gains at PSX"},"content":{"rendered":"<p>KARACHI: Pakistan Stock Exchange (PSX) on Friday ended with thin gains as investors resorted to profit-taking at attractive levels following a spike in the KSE-100 index earlier in the day. The absence of encouraging developments kept investors cautious, leading to limited activity in major stocks while smaller companies attracted the interest of market players. The index opened on a positive note in the morning, reaching its intra-day peak of 79,254.25 points before midday. Major support came from cement, banking and petroleum sectors. However, as the session progressed, the investors started offloading their positions, which pushed the market to its intra-day low of 78,917.29 just before the end of trading. A significant development was the Sensitive Price Indicator (SPI)-based inflation rate, which fell by 0.15% week-on-week, marking its fourth consecutive week of decline. Additionally, the Pakistani rupee marginally appreciated to Rs278.57 to a dollar in the inter-bank market. News Desk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Pakistan Stock Exchange (PSX) on Friday ended with thin gains as investors resorted to profit-taking at attractive levels following a spike in the KSE-100 index earlier in the day. The absence of encouraging developments kept investors cautious, leading to limited activity in major stocks while smaller companies attracted the interest of market players. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-429920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Profit-taking wipes out almost all gains at PSX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/profit-taking-wipes-out-almost-all-gains-at-psx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profit-taking wipes out almost all gains at PSX\" \/>\n<meta property=\"og:description\" content=\"KARACHI: Pakistan Stock Exchange (PSX) on Friday ended with thin gains as investors resorted to profit-taking at attractive levels following a spike in the KSE-100 index earlier in the day. The absence of encouraging developments kept investors cautious, leading to limited activity in major stocks while smaller companies attracted the interest of market players. 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