KARACHI: The Pakistan Stock Exchange (PSX) saw a dramatic reversal on Thursday after reaching an unprecedented high above the 150,000-point mark overnight.

Panic-selling ensued following the Supreme Court’s decision to grant bail to former Prime Minister Imran Khan in the May 9 cases, which stoked fears of heightened political instability and uncertainty among investors.

Ali Najib, Deputy Head of Trading at Arif Habib Ltd, noted that after three consecutive sessions of gains, the PSX finally succumbed to profit-taking, pushing the KSE-100 index into the red. The index closed at 149,225 points, down by 1,346 points or........

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