KSE-100 falls below 75,000 amid profit-taking spree

Karachi: The Pakistan Stock Exchange (PSX) closed below 75,000 on Wednesday after the investors opted for late-session profit-taking.

The benchmark index KSE-100 lost over 250 points. The first session remained positive, hitting an intra-day high of 75,513.90. However, the bears gained control in the final hours and pushed the index into negative territory.

The benchmark index finally settled at 74,956.67, down by 250.10 points or 0.33%. On Tuesday, the KSE-100 had closed 123 points higher on the banking sector’s strength.