Advertisement
Categories: BusinessNewsPakistan

PSX Nosedives 6,500 Points in Intraday Trade

Advertisement

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.

Advertisement
News Desk

Recent Posts

SIMPACT 2026 Brings AI to the Forefront of Simulation Education

The Aga Khan University's (AKU) Centre for Innovation in Medical Education (CIME), Karachi, hosted SIMPACT…

8 hours ago

Meezan Bank Continues Blood Donation Drive in Partnership with The Indus Hospital

Meezan Bank, Pakistan's premier Islamic bank, once again partnered with The Indus Hospital & Health…

10 hours ago

Mobilink Bank and Yango Partner to Provide Shariah-Compliant Financing for Drivers in Pakistan

Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company…

3 weeks ago

Pakistani Freelancers’ Earnings Expected to reached $2.5 B in the Current Fiscal Year

Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…

3 weeks ago

Spotify Celebrates Atif Aslam’s Subah Aye Na with Fans and Artists in Karachi

To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…

4 weeks ago

Supernet Technologies set to raise 915 million to strengthen its working capital for growing projects!

KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…

4 weeks ago