On Wednesday, the Pakistan Stock Exchange (PSX) experienced a sharp decline, with the benchmark KSE-100 index plummeting over 2,600 points in just one and a half hours of trading, causing widespread concern among investors and analysts.
The session, which was the third of the week, began on a negative note, with the market losing 440 points right from the start. The decline accelerated quickly, bringing the KSE-100 index down by 2,606 points to 112,910.
Read more: KSE-100 Index Plunges by 3,377 Points in Early Trading Amid Market Crash
During the early part of the session, the market fell through several key psychological levels, dropping below 115,000, 114,000, and eventually 113,000 points, creating a sense of uncertainty and fear among investors.
Within the first hour, the market had already lost more than 2,000 points, with experts pointing to a mix of political instability, concerns about economic reforms, and potential foreign investor withdrawals as the main causes of the downturn.
By midday, the index briefly recovered to 113,515 points, but it was still down by over 2,000 points, reflecting ongoing market volatility. Analysts predict that investor sentiment remains fragile, and the PSX is likely to experience continued fluctuations until there is greater clarity on the political and economic fronts. “The market will remain under pressure unless these issues are addressed,” stated a senior stock analyst.
