The PSX surge has reversed, with the KSE-100 Index concluding 165 points lower.

On Wednesday, the Pakistan Stock Exchange (PSX) experienced significant volatility, commencing with a robust surge that propelled the benchmark KSE-100 Index beyond the 140,000 threshold.

Nevertheless, the initial gains were short-lived as the market faltered and concluded the day in decline.

Reversal of session

As the day progressed, selling pressure emerged, causing the market to reverse direction. The index progressively declined and ultimately finished down by 165 points at 139,254.

On Tuesday, the market closed much higher, with an increase of 1,202 points, concluding the day at 139,419, thereby bolstering expectations of a sustained upward trajectory.

Additionally, refer to: PSX surpasses the 136,000 threshold for the first time due to a robust buying surge.

Investor Perspective

Market analysts indicate that profit-taking and ambiguity regarding economic indicators contributed to the market’s decline from its peaks. Investors opted for caution and realized their prior profits.

Traders are closely monitoring forthcoming financial results and government policy indicators, which might significantly influence market momentum in the approaching days.