Karachi (Commerce Desk) The Pakistan Stock Exchange witnessed a sharp downturn as the benchmark index failed to hold the 162,000-point level and dropped significantly amid heavy selling pressure.
On the fourth trading day of the week, bearish sentiment dominated the market from the very beginning, with the KSE-100 index falling by more than 4,000 points, bringing it down to 161,461 points.
It is worth noting that in the previous trading session as well, the market remained under pressure, closing with a decline of 2,588 points at 165,823 points.
Meanwhile, mixed trends were observed in Asian stock markets. Indonesia’s Jakarta Composite Index rose by 0.41 percent, while China’s Shanghai Composite Index recorded a slight increase.
In contrast, Japan’s Nikkei index declined by 1.31 percent, and Hong Kong’s Hang Seng index fell by 1.23 percent, reflecting overall regional market volatility.
