The Pakistan Stock Exchange (PSX) experienced a sharp downturn today, losing over 2,000 points, despite positive economic developments. The market saw a significant drop, losing three key levels: 115,000, 114,000, and 113,000 points.
The PSX 100 Index closed down by 2,065 points, finishing at 112,795 points. The decline was mainly driven by heavy selling pressure in the banking and oil & gas sectors, as noted by brokers.
Also Read: Pakistan Stock Exchange Reaches Record High Amid Strong Bullish Momentum
Earlier in the session, the market had been showing a positive trend, even rising by 1,376 points at one point. However, a dramatic reversal in sentiment led to the overall negative performance by the end of the day.
This fluctuation highlights the ongoing volatility in the market, with investors remaining cautious despite the presence of favorable economic indicators.
