Pakistan stock market hits record high before retreating
KARACHI,(International Desk) – Pakistan’s benchmark stock index touched a historic peak on Tuesday before retreating sharply amid volatile trading. The market opened strong, with the KSE-100 index surging 1,029 points to reach a record 166,522 points, surpassing the 166,000 milestone it had achieved a day earlier. However, heavy profit-taking later dragged the index down by…
KARACHI,(International Desk) – Pakistan’s benchmark stock index touched a historic peak on Tuesday before retreating sharply amid volatile trading.
The market opened strong, with the KSE-100 index surging 1,029 points to reach a record 166,522 points, surpassing the 166,000 milestone it had achieved a day earlier.
However, heavy profit-taking later dragged the index down by 238 points, leaving it at 165,255 points by mid-session.
Analysts said investor sentiment remains broadly positive following recent gains, but warned that heightened volatility could continue as traders book profits after the index’s record-breaking rally.
