PSX Nosedives 6,500 Points in Intraday Trade

The Pakistan Stock Exchange (PSX) plunged into turmoil on Wednesday morning, with the benchmark KSE-100 index shedding nearly 6,500 points in early trade amid a wave of panic selling.

By mid-morning, the index had dropped 6,560 points to 107,007—marking a 5.78 percent decline from the previous close. At 9:35 AM, it was down 5,016 points or 4.42 percent at 108,552.

Trading volumes stood at 32.39 million shares, valued at Rs. 1.44 billion.

Out of 298 companies trading so far, only 12 registered gains, while 277 saw losses. The share prices of 9 companies remained flat.