Index drops to 121,851 points, marks a significant reversal after two consecutive days of strong bullish momentum
KARACHI: (UrduPoint/Pakistan Point News-June 13rd, 2025) The pakistan stock exchange (psx) witnessed a sharp downturn on Friday as the benchmark KSE-100 index plummeted by 2,241 points in early trading, slipping below three key psychological levels.
The index dropped to 121,851 points, marking a significant reversal after two consecutive days of strong bullish momentum.
On Thursday, the KSE-100 had surged to an all-time high, briefly crossing the 126,000-point mark amid investor optimism following the Federal budget announcement.
The market analysts attributed Friday's sharp correction to profit-taking by investors as well as concerns over potential tax implications and macroeconomic uncertainties following the budget.
Despite the drop, the experts suggested the market remained resilient in the medium term, supported by improving investor confidence and ongoing engagement with international financial institutions.
