PSX extends losing streak for fourth session
The Pakistan Stock Exchange (PSX) extended its losing streak for a fourth consecutive session on Thursday, as investor sentiment remained subdued amid concerns over flooding in key agricultural regions and macroeconomic uncertainty. The KSE-100 index settled at 147,343.51, down 150.52 points or 0.10 per cent, after recording an intraday high of 148,042 and a low of 147,210, reflecting a volatile but directionless trading day confined to an 833-point band. Despite support from select heavyweights, including Sazgar Engineering, Lucky Cement, and United Bank — adding a combined 206 points to the index — selling pressure in Habib Bank, Fauji Fertiliser, Bank Al-Habib, Faysal Bank, and Systems Ltd collectively shaved off 477 points. Traded volume rose 9.2pc to 935.5 million shares, while traded value climbed 14.4pc to Rs33.5bn. Pace Pakistan topped the volume chart with 71.4m shares exchanged.