The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Wednesday, with the benchmark KSE-100 Index losing 1,505.11 points — a drop of 1.23% — to close at 120,466 points. This marks a significant fall from the previous day’s close of 121,971 points.
Trading activity also slowed considerably, with 707.3 million shares traded during the day, compared to 1.15 billion shares a day earlier. The total value of shares traded stood at Rs. 21.27 billion, down from Rs. 27.98 billion on the previous trading session.
A total of 470 companies participated in the day’s trading. Of these, 102 saw gains, 327 declined, and 41 remained unchanged.
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Brokerage firm Topline Securities noted in its report that the session remained subdued, reflecting cautious investor sentiment driven by mounting geopolitical tensions. The escalating conflict between Iran and Israel has created an atmosphere of uncertainty in global markets, prompting investors to adopt a risk-averse stance.
As a result, the local market remained directionless, with a lack of positive triggers to support upward momentum.
