The Pakistan Stock Exchange (PSX) faced intense selling pressure, leading to a significant downturn in the market.
The index failed to maintain key thresholds, losing the 116,000, 115,000, and 114,000-point levels.
During trading, the market saw a decline of over 2,500 points, with the Hundred Index dropping by 2,600 points to settle at 113,650 points.
The negative sentiment was further fueled by threats from the Tehreek-e-Taliban Pakistan (TTP) regarding attacks on military-owned businesses. Brokers pointed out that the Ministry of Finance’s statements continued to weigh heavily on the stock market, contributing to the ongoing downturn.
