Stocks in Pakistan plummet by 715 points due to profit-taking following a two-day upward trend.
Pakistan Stock Exchange (PSX) Bearish Trend Amidst Fiscal Year-End Profit-Taking
Islamabad just saw the PSX lose 715 points on Thursday, ending the day at 122,046.46 points, following two days of gains. This downturn, as per a financial analyst, is a result of profit-taking driven by fiscal year-end considerations. Without a doubt, the local bourse has been anything but calm – following a surge on Tuesday, sparked by the ceasefire announcement between Iran and Israel – and then a volatile ride before ending bearish today.
The PSX closed at a cautious 122,046.46 points on Thursday, marking a 0.58 percent decrease after closing at 122,761.64 points on Wednesday and 122,246 points the day before. This round of profit-taking was evident as around 473 companies transacted their shares on the stock market on Thursday, with 200 recording gains and 237 suffering losses.
According to Maaz Mulla, vice president of equity sales at Topline Securities Limited, "the benevolent market activity" still remains vibrant, with a total traded volume of 750 million shares and a traded value of PKR 29.8 billion. Even though the benchmark KSE-100 index experienced a decline, the closing figure should not eclipse the overall positivity of the market.
In the past few days, the Pakistan Stock Exchange has witnessed a series of record-breaking achievements. For instance, on June 28, 2025, the PSX closed just short of 124,400 points, with the benchmark KSE-100 index soaring over 2,300 points (1.91%). The rally has continued, with the index reaching 122,611.53 points intra-day and closing near record levels on June 10. The recent upsurge can be attributed to stable economic conditions, geopolitical improvements, strong corporate earnings, resilient investor confidence, and substantial financial inflows.
Back to the present day, the closing figure of 122,046 points may feel like a mild setback, but overall, the market sentiments remain optimistic. So even though those shares may have taken a minor hit, remember that the PSX just rode a wave of record-breaking performance. Let's not forget how this space has responded to both short-term and long-term challenges with resilience, making the Pakistan Stock Exchange yet another force to be reckoned with in the global market territory.
Articles reporting a downturn in the PSX come as no surprise in the world of news, given the recent successes and volatility in the market. Despite the bearish trend amidst profit-taking, experts remain optimistic about the resilience of the stock exchange, especially considering its recent record-breaking achievements in finance.
