falling energy prices
Coverage of falling energy prices in the Nexus archive.
- PSX tumbles by over 2,900 points during intraday trade
The Pakistan Stock Exchange’s (PSX) KSE-100 index fell by 2,939.51 points (1.58%) during intraday trade on Wednesday. The decline followed a five-day bullish streak broken on Tuesday and was attributed to profit-taking after a recent rally, falling energy prices, potential interest rate cuts, and selling pressure across key sectors as noted by Topline Securities Ltd.
- 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.