The Pakistan Stock Exchange (PSX) witnessed a steep downturn as trading commenced on Wednesday, with the benchmark KSE-100 Index plunging sharply amid investor concerns.
According to Express News, the market opened with an immediate decline of 1,717 points, pulling the KSE-100 Index down to 113,154 points. The bearish momentum continued throughout the session, with the index eventually shedding a total of 3,646 points to settle at 111,226.
This marks a significant downward correction in the market, reflecting heightened uncertainty among investors.
It is worth noting that a similar trend was observed on Tuesday, where the market initially opened on a negative note but recovered by the close of trading to end in positive territory.