The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a sharp bearish trend on Wednesday, losing 4,626.18 points, a negative change of 2.48 percent, closing at 181,629.37 points against 186,255.55 points on the last trading day.
During the session, the ready market recorded a trading volume of 1.551 billion shares with a traded value of Rs62.437 billion, compared to 984.847 million shares valuing Rs45.705 billion in the previous session. The market capitalization declined to Rs20.383 trillion from Rs20.857 trillion a day earlier.
Out of 496 active companies in the ready market, 87 advanced, 396 declined, and 13 remained unchanged.
WorldCall Telecom topped the volume chart with 220.440 million shares, followed by Cnergyico PK with 111.673 million shares and K-Electric Limited with 90.576 million shares.
The top gainers included Baba Farid Sugar Mills Limited, which increased by Rs35.65 to close at Rs392.15, and Fateh Industries Limited, which gained Rs35.47 to settle at Rs390.13.
On the losing side, PIA Holding Company LimitedB declined by Rs460.36 to close at Rs17,900.00, while Khairpur Sugar Mills Limited fell by Rs191.14 to close at Rs1,720.29.
In the futures (DFC) market, turnover stood at 296.135 million shares with a traded value of Rs13.178 billion, compared to 178.093 million shares worth Rs9.179 billion in the previous session.
Out of 302 futures-market companies, 27 recorded gains, 275 declined, and none remained unchanged.
Global stock markets fell worldwide on Wednesday after President Donald Trump raised doubts about the temporary truce.
The S&P 500 fell 0.5% after Trump said the agreement to pause fighting was “over,” though he added that he would allow negotiations to continue. The Dow Jones Industrial Average was down 550 points, or 1%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.
On Wall Street, companies with big fuel bills fell to some of the biggest losses. American Airlines lost 3.4%, and Norwegian Cruise Line Holdings fell 2.4%.