The Pakistan Stock Exchange witnessed a sharp downturn on Thursday as early gains were wiped out during trading. The benchmark index fell into negative territory and closed below the 167,000-point level. The decline reflects continued volatility and shifting investor sentiment in the market.
At the start of the session, the market showed strong momentum with a gain of over 1,000 points. The index reached 168,528 points during early trading hours. However, the positive trend proved short-lived as selling pressure emerged later in the session.
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Moreover, the downturn intensified as trading progressed, leading to a sustained decline by the end of the day. The benchmark index closed at 166,498 points after losing 952 points. This followed a previous session where the market had also recorded a significant drop.
Meanwhile, Asian stock markets showed mixed performance during the same trading period. South Korea and Hong Kong posted gains, while Japan recorded a modest increase. However, China’s Shanghai Composite and Indonesia’s Jakarta index declined, reflecting regional market uncertainty.
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In addition, analysts say global economic signals and profit-taking may be influencing local market sentiment. Investors are closely watching regional trends and macroeconomic indicators for direction. The volatility highlights cautious trading behavior in both domestic and international markets.