The Pakistan Stock Exchange (PSX) opened in the red on Wednesday as investors moved to lock in recent gains following a strong upward streak.
During intraday trading, the benchmark KSE-100 index plummeted by 984.11 points, falling to 132,419.08 — a decline of 0.74%.
This downward move came a day after a volatile session on Tuesday, where the index swung between an 830-point high and a 673-point low, ultimately closing almost flat with a marginal gain of 33 points at 133,403.
Analysts attribute Wednesday’s dip to broad-based profit-taking, with sector-wise selling dominating the market as investors opted to cash in on recent rallies.
Meanwhile, in global markets, oil prices eased slightly after hitting two-week highs in the previous session. Brent crude futures dropped 7 cents to $70.08 per barrel, while U.S. West Texas Intermediate (WTI) fell by 8 cents to $68.25 per barrel. The dip comes amid expectations of rising U.S. crude inventories and uncertainty over potential U.S. tariff policy changes.
