Shares at PSX’s Benchmark Index Lost Over 600 Points

Shares at the Pakistan Stock Exchange’s benchmark index lost over 600 points on Thursday, as “cautious investor sentiment” continued.
According to the PSX website, the KSE-100 index closed at 113,836.74 levels after shedding 658.96 points.
The local bourse witnessed a consolidation phase on Wednesday, characterized by “notable volatility,” according to a report by Topline Securities. The benchmark index reached an intraday high of 969 points and a low of 505 points before closing at 114,945, marking a decline of 308 points.
“This reflects cautious investor sentiment amidst mixed market signals. In the power sector, HUBC drew significant investor interest following news of the federal cabinet’s approval of revised agreements with 14 Independent Power Producers,” it stated.