Selling returned to the PSX on Friday as the KSE-100 shed nearly 1,500 points.

Profit-taking and broad selling pressure hit major index heavyweights during the session, dragging the benchmark index down by 0.85% to 173,886.

Possible impact on PSX shares

• MCB MCB Bank Limited▼ Could be negative

  Heavyweight commercial banks like MCB faced broad risk-off selling as the wider market dropped nearly 1,500 points during the session.

  Price when this was written: Rs 397.60 · Live price, chart and results

• PPL Pakistan Petroleum Limited▼ Could be negative

  Exploration stocks like PPL saw negative movement alongside the broader market correction as selling momentum returned to the bourse.

  Price when this was written: Rs 218.00 · Live price, chart and results

• OGDC Oil & Gas Development Company Limited▼ Could be negative

  OGDC faced downward pressure as investors pulled back from key index heavyweights during the broader market pullback.

  Price when this was written: Rs 313.70 · Live price, chart and results

• HUBC The Hub Power Company Limited▼ Could be negative

  Power sector bellwether HUBC traded lower as broader selling pressure gripped the KSE-100 index.

  Price when this was written: Rs 202.00 · Live price, chart and results

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Business Recorder: PSX: selling engulfs bourse, KSE-100 sheds nearly 1,500 points