PSX Extends Bearish Trend, Sheds Over 1,465 Points
Following earlier reports of market weakness, the Pakistan Stock Exchange has extended its bearish trend, shedding over 1,465 points in Wednesday's trading session. The continued decline reflects sustained selling pressure across multiple sectors as investor sentiment remains cautious amid both domestic economic uncertainties and global market volatility. The fresh losses compound earlier downward movement reported during the day, with the benchmark index now nursing significant week-to-date losses. Market participants have pointed to a combination of external factors, including global trade uncertainty surrounding the ongoing US-China summit, alongside domestic concerns over fiscal positioning ahead of the federal budget. Analysts note that thin trading volumes are amplifying price moves, with institutional investors largely staying on the sidelines. The exchange's performance will be closely monitored in coming sessions as the government prepares to present key economic data and budget outlines.
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