PSX Turns Negative as KSE-100 Index Loses Over 1,300 Points
The Pakistan Stock Exchange ended Wednesday’s trading session on a negative note as the KSE-100 index shed 1,381 points to settle at 182,569 points.
After opening in positive territory, the market failed to sustain momentum as investors booked profits in major banking and cement sector stocks. The selling pressure gradually intensified, pushing the index deeper into red.
Oil and gas exploration companies provided partial support, with OGDC and PPL remaining among the top contributors on the upside.
On the downside, UBL, MCB, and Lucky Cement dominated the draggers list, reflecting cautious investor sentiment in heavyweight stocks.
Market observers said investors are currently adjusting positions following the recent rally, while waiting for clearer economic and corporate signals.
They added that despite short-term volatility, long-term confidence in the Pakistan Stock Exchange remains intact due to improving financial indicators and strong trading volumes.
Investors are expected to remain selective in upcoming sessions as the market searches for a stable direction.
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