Karachi: The Pakistan Stock Exchange (PSX) closed down by 367 points today, settling at 81,484, despite initially reaching an intraday high of 82,010. The decline was fueled by widespread profit-taking, with trading volume hitting 370 million shares, dominated by stocks such as WTL, PACE, HUBC, PIAHCLA, and FFBL.

According to JS Global, the day started positively but shifted dramatically as investors chose to secure gains, leading to the downturn. The market analysis forecasts continued range-bound activity with recommended buying opportunities in the banking and fertilizer sectors during upcoming dips.

The indices saw notable movements; the KSE30 dropped by 74.82 points to 25,902.55. Significant stock movements included BNWM, FFBL, and FFC with respective gains, while NCPL and KTML recorded some of the largest losses. Overall, the PSX market capitalization decreased slightly to 10,685.77 billion rupees.