Billions Wiped Out as PSE Plunges Over 5,400 Points
Trading began on a negative note, with the KSE-100 Index dropping 633 points early in the session to 172,536. The downward trend intensified during the day, pushing the index down by 1,556 points at one stage to 170,980.
By the close of trading, the market remained firmly in the red, with the KSE-100 Index settling at 167,691 — a massive decline of 5,478 points, marking a 3.16% decrease for the day.
During intraday trading, the index reached a high of 174,336 and a low of 166,886, reflecting heightened volatility throughout the session.
Market analysts attributed the steep fall to strong selling pressure and investor uncertainty, resulting in billions of rupees being wiped out from market capitalization.