Summary PSX fell sharply as KSE-100 index dropped 1,465 points to close at 167,451, reflecting weak investor sentiment despite gains across major Asian stock markets.
KARACHI (Dunya News) - Pakistan Stock Exchange witnessed a sharp downturn on Wednesday, with the benchmark KSE-100 Index closing deep in the red amid sustained selling pressure.
Trading began on a negative note during the third session of the business week, with the index dropping by more than 1,000 points early in the day to reach 167,806 points.
By the close of trading, the KSE-100 index had declined by 1,465 points, settling at 167,451 points, reflecting continued bearish sentiment in the market.
The downturn follows losses recorded in the previous session, when the index had fallen by 1,590 points to close at 168,916 points, indicating persistent volatility and investor caution.
Market analysts attributed the decline to profit-taking, uncertainty in the economic outlook and cautious investor behaviour.
In contrast, major Asian stock markets showed positive momentum. South Korea’s KOSPI index gained 2.29 per cent, Thailand’s SET index rose by 2.13 per cent, while Japan’s Nikkei index recorded an increase of 0.79 per cent.
Meanwhile, Hong Kong’s Hang Seng index edged up by 0.26 per cent, and China’s Shanghai Composite index also posted slight gains during the session.
