SHOCKER! Pakistan Stock Exchange Plunges – Is Your Money Safe?!

KARACHI – The Pakistan Stock Exchange (PSX) took a nosedive on Thursday, with its main index, the KSE-100, crashing by a whopping 562 points! This sudden drop, a 0.40% fall, left investors stunned as the market closed at 138,692 points, down from 139,254 just the day before.

What’s going on? After days of impressive gains, it seems investors got cold feet and decided to pull their profits out – fast! According to financial experts at Topline Securities, this big sell-off happened just before the crucial “rollover week” ends, a time when smart investors often re-evaluate their positions.

Thursday’s trading was a wild ride, a real battle between those wanting to push prices higher and those desperately trying to lock in their gains. It looks like the “take-the-money-and-run” crowd won this round! As this rollover period heats up, expect even more unpredictable swings. Experts predict the market will keep bouncing around, with only a few select stocks drawing investor interest.

The sheer volume of shares traded also dipped, with 648.8 million shares changing hands, down from over 656 million the day before. The total value of these trades also plummeted, from Rs. 32.1 billion to just Rs. 28.1 billion – a clear sign of dwindling confidence.

Out of nearly 500 companies trading their shares, a massive 273 saw their prices fall, while only 182 managed to climb. A small handful (29) stayed flat. This was truly a day that shook investor confidence!