PSX Suffers Major Sell-off: KSE-100 Plunges Over 1,700 Points

The Pakistan Stock Exchange $\text{(PSX)}$ experienced a tumultuous session today as the benchmark PSX-100 Index plummeted by 1,703.57 points, settling the market at 159,578.19. Despite opening the day with some positive momentum, briefly touching a high of $162,052.45$, the index swiftly reversed course as investors engaged in heavy profit-taking amidst simmering political uncertainty and fresh economic concerns.

The intense selling pressure, particularly in the heavyweight sectors like Commercial Banking, Fertilizers, and Cement, dragged the market down sharply, with the day’s trading volume in the PSX-100 reaching $333.05$ million shares. Analysts attributed the massive single-day drop to lingering anxieties over the economic outlook and local political noise, overshadowing the market’s strong performance in the recent past.