PSX continues to decline as KSE-100 drops to 164,626

Pakistan’s stock market continued its downward trend on Wednesday as strong selling pressure pushed the benchmark index lower, deepening the ongoing correction at the Pakistan Stock Exchange (PSX).

The KSE-100 Index fell 1,632 points (-0.98%), closing at 164,626. This marks another sharp decline after recent losses. The index had reached a record high near 189,000 just weeks ago but has now dropped almost 25,000 points, showing ongoing investor caution and bearish sentiment.

During the day, the index hit a low of 164,229, down 2,029 points, before recovering slightly by the close.

Trading Activity:

• Shares traded: 351 million

• Value traded: Rs. 25.2 billion

• Companies traded: 567

• Gainers: 143

• Losers: 278

• Unchanged: 146

Top Volume Stocks:

• K-Electric (KEL) led trading with nearly 100 million shares, marking the third consecutive session at the top.

• Other active stocks included Cnergyico (CNERGY), First National Equities (FNEL), WorldCall Telecom (WTL), National Bank (NBP), Bank of Punjab (BOP), and Telecard (TELE).

Market analysts say the continued slide is due to profit-taking after a historic rally, weak market sentiment, and cautious positioning ahead of key economic developments.

Sample Stock Performance:

• KEL: Rs. 7.71 (+0.14), Volume: 99.8 million

• CNERGY: Rs. 7.17 (+0.55), Volume: 70.3 million

• FNEL: Rs. 1.48 (+0.01), Volume: 33.4 million

• WTL: Rs. 1.32 (+0.01), Volume: 28.9 million

• NBP: Rs. 262.35 (+11.08), Volume: 27.9 million

• BOP: Rs. 29.52 (-0.18), Volume: 25.1 million

• TELE: Rs. 8.93 (+0.56), Volume: 24.6 million

The market’s sharp correction reflects investors’ caution after recent highs, with selling pressure expected to continue until sentiment improves.