KARACHI:

The Pakistan Stock Exchange (PSX) witnessed a week of profit-taking and consolidation as investors remained cautious amid rising inflation, widening trade deficit and fiscal shortfalls. The benchmark KSE-100 index closed at 159,593, down 2,039 points, or 1.3% week-on-week (WoW), after recovering some ground on Friday.

On a day-on-day basis, following Friday’s strong rally, the PSX continued its upward trajectory on Monday as the KSE-100 index gained 1,172 points (+0.72%) to close at 162,803.

The market saw a consolidation phase on Tuesday, when the index fluctuated throughout the session, ultimately closing at 161,282, down 1,522 points, or 0.93%.

On Wednesday, the PSX endured a lacklustre session, slipping 1,704 points, or 1.06%, and settling at 159,578. The bourse extended i

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