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PSX Dips After Hitting Record High Amid Profit-Taking

  • Pakistan Stock Exchange (PSX) closed lower on Thursday after hitting a record intraday high, as investors engaged in profit-taking.
  • The KSE-100 Index ended the session at 119,153.04, down by 778.41 points or 0.65% from its peak of 120,699.17.
  • Significant gains in banking, oil, and energy sectors earlier helped drive the index up, but profit-securing behavior led to a reversal in fortunes.
  • Investor sentiment remains positive despite the dip, with expectations of selective trading as the market awaits fiscal policy announcements in the upcoming budget.

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