PSX slips 474 points as profit-taking follows rally

The session low stood at 171,628.14.

By midday, volume in the highlighted board was 159.25 million shares, with a traded value of about Rs8.51 billion.

The market remained open.Read: Oil prices fall as Iran says it is open to diplomacy to end the warInvestors appeared to lock in Wednesday’s gains while waiting for clearer signals from the IMF review and from oil prices, which have swung with every shift in Gulf diplomacy.

Commercial banks, fertiliser and selected heavyweights that led the previous session were among the names under pressure, while oil and gas names were mixed.Brokers said market movement was consistent with a pause after a sharp one-day jump rather than a break in the recent recovery.

The KSE-100 is still up for the week after Wednesday’s close, but Thursday’s midday print showed the market is sensitive to any absence of fresh catalysts once early buyers step aside.Trading continues until the close; a late rebound remains possible if bargain-hunters return to index heavyweights. This material may not….

PSX slips 474 points as profit-taking follows rally Updated 5 minutes ago.