KARACHI – Pakistan Stock Exchange plummeted 3.30percent on Wednesday, hitting 111,070 points amid selling pressure in the market.
Data shared by PSX portal shows flagship KSE 100 settled at 111,070.29, with the index fluctuating between a low of 110,896.27 and a high of 116,236.70.
Despite today’s downturn, the broader market continues to show strong growth over the past year.
Analysts are watching closely to see whether this pullback signals a broader trend or if the market will recover in the coming days.
Investors will be keeping a close eye on the next few sessions to gauge the impact of this decline and assess whether the market can regain its upward trajectory as the year continues.
Currently, broad-based sell-off affected major sectors like auto, banking, and oil and gas, with key stocks ending in red. The downturn was attributed to profit-taking after recent gains, despite positive economic news, including a surplus in Pakistan’s current account for November.
