PSX suffers losses as KSE-100 index drops by more than 1.58%

The Pakistan Stock Exchange (PSX) saw a significant decline today, with the KSE-100 index shedding 1,840.96 points, or 1.58%, to current index at 114,414.16 during intra day trading. The index reached a high of 116,843.41 points during the day but ultimately failed to maintain its upward momentum, dipping to the low of 114,414.16 points by the end of trading. Despite the negative movement in the index, trading activity remained high, with 184,728,288 shares exchanged, leading to a turnover value of approximately PKR 14.77 billion. The PSX's previous close was recorded at 116,255.12 points, reflecting a substantial drop in market performance during the intra day. Yesterday, the Pakistan Stock Exchange (PSX) experienced significant turbulence on Monday, driven by political uncertainty and institutional profit-taking, amid concerns over the International Monetary Fund’s (IMF) strict levies and upcoming economic reforms.