Topline Securities
Coverage of Topline Securities in the Nexus archive.
- PSX snaps 5-day bullish streak, falls by over 1,100 points
The Pakistan Stock Exchange (PSX) ended a five-day upward trend, dropping over 1,100 points as investors took profits after a recent rally. The KSE-100 index fell below 187,000 points amid selling pressure in key sectors, with stocks like FFC, PPL, UBL, OGDC, and LUCK contributing to the decline. Analysts noted cautious sentiment due to weak regional markets but highlighted improving macroeconomic fundamentals as a long-term support.
- PSX gains over 2800 points during intraday trade
The Pakistan Stock Exchange's KSE-100 index gained 2,836 points (1.65%) during intraday trade due to a preliminary US-Iran agreement to end a conflict, easing geopolitical tensions, lower oil prices, and positive economic indicators. The index rose to 175,236 points, with a weekly gain of 1.13% reported by Topline Securities.