Pakistan Stock Exchange Declines as KSE-100 Index Falls
On Friday, the Pakistan Stock Exchange (PSX) experienced a decline, with the benchmark KSE-100 Index dropping by 198 points to settle at 81,459 points. This dip follows a period of relative stability and has prompted market participants to closely monitor upcoming economic developments and corporate earnings reports.
Just a day earlier, the PSX had surged to an all-time high, fueled by positive sentiment following the approval of an International Monetary Fund (IMF) loan program. On Thursday, the index reached a peak of 83,000 points at one stage, marking a historic milestone for the stock market.
During that trading session, the KSE-100 Index recorded a sharp increase of 450 points, hitting a record level of 82,700 points. The IMF’s loan approval was viewed as a significant boost to the country’s financial health, spurring a trading surge that initially added over 600 points to the index.
Despite the optimistic momentum from the previous day, Friday’s decline reflects the cautious outlook of investors as they await further economic news.
