PSX dips deep following two-day rally

Karachi: A sharp downturn is being witnessed in the Pakistan Stock Exchange (PSX) on Friday, with the index losing three psychological barriers during trading.

On the last trading day of the business week, the stock market opened with a steep decline of 2,241 points, causing the KSE-100 Index to drop below three key psychological levels, settling at 121,851 points.

It is worth noting that the PSX had seen a strong bullish trend over the past two days. On Thursday, the index had reached a historic high, crossing the 126,000-point mark for the first time.