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

The Aga Khan University launches Manual of Pediatrics to Strengthen Child Health Care in Pakistan

The Aga Khan University (AKU) has launched the AKU Manual of Pediatrics, a free, locally…

10 hours ago

UNILEVER PAKISTAN HOSTS COMPETITION COMMISSION OF PAKISTAN FOR EMPLOYEE TRAINING ON COMPETITION LAW

Unilever Pakistan hosted the Competition Commission of Pakistan (CCP) at its Head Office for a…

11 hours ago

SHINE Humanity Trains Teachers to Promote Health in Schools across Sindh

SHINE Humanity, under its Healthy Schools Initiative, conducted a three-day training of teachers in August…

12 hours ago

Bank Alfalah Introduces Insurance Coverage of Up to PKR 3 Million for PKR Current Plus Accountholders

Bank Alfalah, one of Pakistan's leading commercial banks, has partnered with Alfalah Insurance to introduce…

2 days ago

Chery Surpasses 20 Million Global Vehicle Sales as Monthly Exports Exceed 200,000

Master Auto Engineering (MAE), the official partner of Chery vehicles in Pakistan, celebrates another major…

3 days ago

BingX Appoints Kevin Lee as Chief Strategy Officer to Accelerate its Multi-Asset, User-Centric Vision

BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the appointment of Kevin Lee…

3 days ago