KARACHI: The Pakis­tan Stock Exchange (PSX) reversed its upward trajectory on Thursday after two days of gains, as investors opted for profit-taking at elevated levels, dragging the benchmark index into the red.

Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the KSE-100 In­­dex had surged nearly 6,594 points, or 5.7pc, in the previous two sessions following the Iran-Israel ceasefire. “Today’s dec­line was largely due to profit-taking,” he noted. The index settled at 122,046.76, down 715 points or 0.58pc.

The decline was also influenced by the fiscal year-end approaching on June 30. Institutional investors who follow........

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