The Pakistan Stock Exchange (PSX) saw a sharp decline on Wednesday, with the benchmark KSE-100 Index shedding 1,703.57 points, or 1.06%, to close at 159,578.19.
The session began with positive momentum, pushing the KSE-100 to an intra-day high of 162,052.45. However, optimism quickly faded mid-session, resulting in the index hitting a low of 159,216.86 before recovering slightly at close.
On Tuesday, the market had also experienced selling pressure, with investors opting for brackly news-taking after two consecutive sessions of gains. The decline was driven by selling in blue-chip stocks amid mixed corporate earnings and post-rally consolidation. The KSE-100 Index had dropped by 1,521.39 points, or 0.93%, to settle at 161,281.77 points.
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