Stock Market Loses over 2500 Points amid Possible Indian Attack
Staff Report :
Islamabad: Pakistan Stock Exchange (PSE) lost over 2500 points on Wednesday amid news of a possible attack from India in the next few days. It lost 1800 points earlier and continued bleeding that reaching a figure of over 2500 points later.
As soon as the stock market opened, the rumours of an Indian attack on Pakistan resulted in a bleeding of it, which lost 1800 points.
The benchmark index had seen significant ups and downs during Tuesday’s session. It dropped sharply by 1,128 points early in the day due to selling pressure, especially from leveraged investors. However, the market showed strong recovery in the second half, ending the session at 114,872 points, a gain of 808 points or 0.71%.
Market sentiment improved as margin-related selling eased and investors began to buy quality stocks at lower levels.
The recovery was mainly supported by key stocks like ENGROH, MARI, SYS, MCB, and SNGP. These names alone contributed around 760 points to the overall index gain, showing their strong impact on market movement.
PSX achieves another milestone as 100 index crosses 99,000 pts
Investor activity remained healthy. A total of 408 million shares were traded, with a market turnover of Rs 29 billion. WTL led the volume chart once again, with 29 million shares changing hands.
