PSX declines by more than 1,000 points as a pessimistic trend prevails in trade.

The Pakistan Stock Exchange experienced a bearish trend on the third trading day of the week, with a significant decline at the session’s commencement. The benchmark KSE-100 index plummeted by over 1,000 points, reducing the index to 167,806 points. It is noteworthy that the preceding trading day concluded with a decline as well, with the index falling by 1,590 points to close at 168,916 points. In contrast, mixed trends were evident in Asian stock markets, with several indices recording gains. Reports indicate that South Korea’s KOSPI index increased by 2.29 percent, while Thailand’s SET index rose by 2.13 percent. Japan’s Nikkei index also exhibited a gain of 0.79 percent. Additionally, Hong Kong’s Hang Seng index noted a 0.26 percent rise, and China’s Shanghai Composite index displayed a modest upward movement.

The KSE-100 index declined by over 1,000 points, resulting in a total of 167,806 points.

It is noteworthy that on the preceding trading day, the market closed lower, with the index declining by 1,590 points to conclude at 168,916 points.

Concurrently, Asian stock markets exhibited varied tendencies, with numerous indices recording gains.

News outlets report that South Korea’s KOSPI index ascended by 2.29 percent, and Thailand’s SET index advanced by 2.13 percent. The Nikkei index of Japan had an increase of 0.79 percent.

Furthermore, Hong Kong’s Hang Seng Index had a 0.26 percent rise, while China’s Shanghai Composite Index exhibited a little boost.