Summary PSX saw over 1,000-point drop, hitting 167,806 level, while Asian markets mostly gained with South Korea, Thailand, Japan, Hong Kong and China posting positive movement.
KARACHI (Dunya News) - Pakistan Stock Exchange witnessed a bearish trend during trading as losses were recorded in the market amid negative sentiment on the third trading day of the business week.
At the opening of trading, the stock market continued its downward trajectory, with the benchmark index declining by more than 1,000 points, bringing the Pakistan Stock Exchange hundred index down to the 167,806 level.
It is worth noting that at the close of the previous trading day, the hundred index had already declined by 1,590 points and settled at the 168,916 level, reflecting sustained pressure in the market.
On the other hand, Asian stock markets showed an upward trend during the same period, indicating mixed regional market performance.
According to news agencies, South Korea’s KOSPI index recorded an increase of 2.29 percent, while Thailand’s SET index rose by 2.13 percent, reflecting strong gains in those markets.
Similarly, Japan’s Nikkei index registered a 0.79 percent increase, while Hong Kong’s Hang Seng index also saw a rise of 0.26 percent during trading.
China’s Shanghai Composite index also posted a slight increase, showing marginal positive movement in the regional equity markets despite volatility in Pakistan’s market.
