The Pakistan Stock Exchange (PSX) saw a sharp decline today as profit-taking caused the KSE-100 index to drop by 836.52 points (0.92%), closing at 90,027.57 points.
Earlier in the day, the index hit a record high of 91,872.63 points, driven by expectations of a rate cut by the State Bank of Pakistan (SBP).
Saad Ali from Intermarket Securities called it a “healthy correction” following recent gains. The SBP’s Monetary Policy Committee is expected to meet on November 4, with analysts forecasting another rate cut to boost market sentiment.