Profit-taking owing to weak sentiment drags KSE-100 down by 2,039 points WoW
Shares of 340 companies were traded. At the end of the day, 93 stocks closed higher, 233 declined and 14 remained unchanged. PHOTO: FILE
The Pakistan Stock Exchange (PSX) witnessed a week of profit-taking and consolidation as investors remained cautious amid rising inflation, widening trade deficit and fiscal shortfalls. The benchmark KSE-100 index closed at 159,593, down 2,039 points, or 1.3% week-on-week (WoW), after recovering some ground on Friday.
On a day-on-day basis, following Friday’s strong rally, the PSX continued its
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