KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) saw a wild ride on Wednesday as the market kicked off with a strong rally, pushing the benchmark KSE-100 Index past the 140,000 mark.
However, the early gains didn’t last long as the market lost steam and ended the day in the red.
Session reversal
As the session wore on, selling pressure crept in, and the market took a U-turn. The index gradually slipped and eventually closed down by 165 points at 139,254.
On Tuesday, the market had closed on a high note with a massive gain of 1,202 points, finishing the day at 139,419, fueling hopes of a continued upward trend.
Also read: PSX soars past 136,000 mark for first time amid strong buying rally
Investor outlook
Market analysts say profit-taking and uncertainty over economic indicators played a role in pulling the market down from its highs. Investors chose to play it safe and cashed in on the earlier gains.
Traders are now keeping a close eye on upcoming financial results and government policy cues, which could make or break market momentum in the coming days.