Bears take hold of PSX as KSE-100 drops over 1,500 points

Pakistan’s benchmark KSE-100 Index fell sharply during intra-day trading on Wednesday, shedding 1,708.21 points to reach 113,824.22 by 11:30am, marking a 1.48% decline.

The index had opened at 115,532.43 and briefly hit an intraday high of 115,092.12 before sliding to a low of 112,891.48, reflecting bearish sentiment in the market.

Trading volume stood at over 103 million shares, with a market value of approximately Rs8.54 billion exchanged so far.

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.