PSX snaps eight-session record-setting spree

The eight-session bull run at the Pakistan Stock Exchange (PSX) came to an end on Wednesday as investors resorted to profit-taking at elevated levels, pulling the benchmark KSE-100 index below the 133,000 mark. The index settled at 132,576.99, down 826.20 points or 0.62 per cent, according to Topline Securities Ltd. The session remained volatile, with the benchmark oscillating between an intraday high of 133,566 and a low of 132,326, as the market entered a phase of consolidation. The decline was primarily driven by negative contributions from key stocks, including Fauji Fertiliser Company (FFC), Engro Holdings, Bank Al Habib, Pakistan State Oil, and Habib Bank Ltd, collectively shaving off 397 points from the index. Selling pressure was most pronounced in the fertiliser, energy, and banking sectors.