Dawn
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12:11 Jul 15, 2025
The Pakistan Stock Exchange (PSX) plunged over 500 points on Tuesday, failing to continue its upward trajectory despite crossing the 137,000 barrier in intra-day trading. The benchmark KSE-100 index rose by 1,237.03 points, or 0.91 per cent, to stand at 137,739.56 points at 11:39am, from the previous close of 136,502.53 points. Finally, it closed at 135,939.87 points — dropping 562.66 points, or 0.41pc, from yesterday’s close. The market had opened on a positive note, rising by 1,205.1 points, or 0.88pc, to reach 137,707.63 points at 9:45am. It then dropped to 136,498.16 points at 10:15am before regaining its bullish momentum. Earlier today, Samiullah Tariq, head of Research and Development at Pakistan Kuwait Investment Company Ltd, had attributed the early gains to strengthened macroeconomic indicators. “Improvement in macroeconomic indicators and better result expectations, especially in commercial banks, is the primary reason for the increase in the [stock] market,” he told Dawn.com. Awais Ashraf, research...