PSX drops around 1,500 points by midday

The KSE-100 was down 1,494.09 points, or 0.85 per cent, at 173,885.77 when the Pakistan Stock Exchange paused trading for Friday prayers, The Express Tribune reported on November 6. The benchmark had started the morning lower and moved sharply in both directions before the break. Its session range ran from 172,809.89 to 174,329.76, compared with the prior close of 175,379.86.

Turnover by midday totalled 112.19 million shares, with traded value at Rs7.38 billion. The report linked the weakness to investors taking profits after recent gains and continued concern about economic and geopolitical conditions. Banking, cement and energy shares faced selling, while trading activity was described as moderate. The session was due to resume after the break and continue to the regular close, with market attention on later corporate announcements and external signals.