Profit-taking impacts PSX amid political uncertainties

The Pakistan Stock Exchange (PSX) saw a decline in its stock market index due to profit-taking amidst political uncertainties. The KSE-100 index closed at 95,546.45, a 310.21 point drop from its previous close of 95,856.66, representing a 0.32% decrease. This decline came after the index reached an intra-day high of 96,711 points. The significant drop in the market can be attributed to investors taking profits following a record-breaking bull run in the intraday trade. The high volume of shares traded, at 377,802,244, further highlights the market's volatility during this period. The political climate in the country has been a major factor contributing to the uncertainty in the market, with investors remaining cautious and taking advantage of the opportunities to book profits.