The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Wednesday, with the benchmark KSE-100 Index shedding 1,379.28 points to close at 114,153.15 — a 1.19% drop from the previous session.
The index swung between a high of 115,092.12 and a low of 112,891.48 during the session, reflecting cautious investor sentiment amid prevailing economic uncertainties.
Total trading volume stood at 267.5 million shares, with a total market value of Rs20.63 billion.
The downturn comes amid weak investor confidence and continued economic concerns.
On Tuesday, the index touched an intraday high of 116,692.29 and a low of 115,560.90, reflecting steady investor interest throughout the session.
Trading volume remained robust, with 338.9 million shares exchanged, and the market's total value reaching Rs27.29 billion.
Previously, the KSE-100 index faced a bloodbath on Monday, with the Pakistan Stock Exchange (PSX) mirroring escalating global trade tensions and fears of a global recession.
As US President Donald Trump refused to back down from his tariff plans, retaliatory moves from China triggered fears of a broader trade war, causing markets to plunge around the world.
Asian equity markets took a nose-dive, European shares crashed to a 16-month-low, and oil prices sank as investors worried that the duties announced by Trump last week could lead to higher prices, weaker demand, and potentially trigger a global recession.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ