Pakistan Stock Exchange (PSX) witnessed a downward trend on Wednesday as KSE-100 Index dropped by more than 1,200 points amid heightened investors’ uncertainty, reported 24NewsHD TV channel.
At the end of the day, the PSX’s benchmark KSE-100 Index lost 1,204.21 points or -1.03 percent to reach 117,226.14 points.
According to financial analysts, the modest uptick in the dollar and the downturn in the stock market mirrored the broader impact of global financial instability and the persistent economic uncertainty facing the country.
Earlier on Tuesday, the Pakistan Stock Exchange (PSX) eked out gains to remain in the green zone as strong financial results supported the index.
The benchmark KSE 100 index posted a modest gain of 47.97 points or 0.04 percent to close at 118,430.35 on Tuesday.
Corporate results buoyed investor sentiment, although overall activity remained subdued due to cautious trends in international markets.
The index’s performance was supported mainly by stocks such as Fauji Fertiliser Company, Engro Holdings, Habib Metro Bank, AGP Ltd, and Atlas Honda Ltd, which collectively contributed 733 points.
Initially, the trading session opened positively following Finance Minister Muhammad Aurangzeb’s assurance to International Monetary Fund Managing Director Kristalina Georgieva regarding continuing the IMF-guided reform agenda on the first day of the IMF/World Bank Spring Meetings 2025.
Reporter: Basim Iftikhar