The KSE-100 index plunged nearly 1,500 points on Wednesday at the Pakistan Stock Exchange (PSX), as heavy selling pressure dominated trading.
The intra-day low touched 166,115.17 before the index settled at 166,145.34 — a drop of 1,496.93 points, or 0.89%.
Major contributors to the decline included heavyweight stocks such as Fauji Fertiliser Company (FFC), Meezan Bank (MEBL), United Bank Limited (UBL), Hub Power Company (HUBC) and Engro Corporation (ENGRO), which together erased around 858 points from the benchmark.
Trading volume fell compared to the previous session — total traded volume stood at 593.08 million shares, down from 775.54 million — even though the total value of shares traded rose to Rs 44.42 billion.
Analysts suggest the market may now consolidate in a 166,000–168,000 range before any renewed upward attempt, with 165,000 expected to provide support.
Overall, today’s downturn reflects a wave of profit-taking and caution among investors — possibly linked with weak macro outlook and reduced risk appetite — leading to a broad-based selloff in key sectors.