PSX faces continued selling pressure as KSE-100 Index declines

KARACHI – The Pakistan Stock Exchange (PSX) experienced continued selling pressure on Wednesday, with the benchmark KSE-100 Index falling by over 500 points, ending the day at 111,528 points.

The decline was primarily driven by losses in the energy sector, which is a key component of the index. Stocks in oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries were among the hardest hit. Notable companies like HUBCO, SHEL, SNGPL, MARI, OGDC, PPL, and POL all faced declines, contributing significantly to the drop in the overall index.

Market analysts pointed out that liquidity has become a major challenge for the PSX, making it difficult to maintain the previous bullish trend. With investor sentiment remaining cautious, trading activity has slowed down, exacerbating the selling pressure.

The ongoing market correction comes amid a broader economic slowdown, with investors showing increased concerns over the stability of key sectors. As the KSE-100 Index hovers near its current level, experts suggest that the market may remain volatile in the short term unless liquidity improves and investor confidence is restored.