PSX crosses 180k; profit-taking erases gains
The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Wednesday as investors booked profits after the previous day's sharp rally, with the benchmark KSE-100 index briefly crossing 180,000 points before closing 251.44 points lower at 179,083.80. The stock market, as per Arif Habib Limited (AHL), saw a day of consolidation after a strong earlier advance, with the KSE-100 index touching the intra-day high near 180,800 before easing to close at 179,083.8, down 251.4 points, or 0.14%. Market breadth was mildly positive, as 52 shares advanced against 47 decliners.