Pakistan, April 23 -- The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Thursday as heavy profit-taking triggered widespread selling. The benchmark KSE-100 index fell by more than 2,750 points during intraday trading. The downturn erased earlier gains and pushed market sentiment into negative territory.

The index initially touched an intra-day high of 171,561 points before reversing sharply. However, selling pressure intensified soon after the opening session. By midday, the KSE-100 had dropped to 168,828 points, reflecting a decline of 1.6 percent from the previous close.

Read more: PSX surges over 14,137 points amid improving regional situation

Market analysts attributed the fall to technical correction after a strong bu...