The Pakistan Stock Exchange (PSX) faced a sharp downturn on Monday, as heavy profit-taking wiped out recent gains.
The benchmark KSE-100 Index plunged by 1,237.67 points, or 0.73%, to close at 167,752.40, falling below the 168,000 mark.
Bearish sentiment dominated the session, with the index hitting an intra-day low of 165,997.36, as investors moved to lock in profits after last week’s record-breaking rally.
Just days earlier, the KSE-100 had reached an all-time high of 168,990.06, closing the previous week with a 4.1% gain — the strongest nine-month performance since 2009, according to JS Global Capital.
The rally had been driven by sustained investor optimism, robust sectoral performance, and improving macroeconomic indicators.
In the currency market, the Pakistani rupee posted a marginal gain against the US dollar. The local currency closed at 281.25 in the interbank market, appreciating by Re0.01.
