PSX Turns Red After Brief Surge Above 151,000 Points

The Pakistan Stock Exchange (PSX) witnessed a volatile session on Thursday, as the benchmark KSE-100 index opened on a strong note but slipped into negative territory by mid-morning due to profit-taking.

The session began with optimism, as the index surged 357.93 points to reach 150,948 at 9:31am. Within minutes, it crossed the psychological barrier of 151,000 points, hitting 151,215.01 with over 2.1 million shares traded. By 10:33am, bullish momentum pushed the index to its intraday high of 151,249.62, reflecting a gain of 658.62 points on volumes of nearly 77 million shares.

However, the upward trend was short-lived. By 11:00am, selling pressure dragged the index down, and by 11:24am, the KSE-100 had lost 615.99 points to trade at 149,975.01, with volumes crossing 147 million shares.

Despite the pullback, the PSX remains significantly higher in broader terms, up 91.63% compared to last year and 30.27% year-to-date. The benchmark has traded between 149,956.05 and 151,249.62 so far today, while its 52-week range lies between 77,968.74 and 151,261.67.

Among the top gainers were TSPL, ANSM, KOHP, FPRM, ASTM, and SEARL, each rising around 10%. In contrast, DMC, SANSM, BAFS, and GUSM led the losers’ chart with steep declines.

On Wednesday, the KSE-100 had closed at 150,591 points after gaining 820.26 points, marking another day of heavy activity at the bourse.