PSX tumbles 2,537 points as selling pressure mounts

Recovery hopes were dashed as heavy selling gripped the environment at Pakistan Stock Exchange (PSX) in a turbulent session on Thursday, with bears firmly in control throughout the day. Heavy selling from the opening bell dragged the benchmark KSE-100 index sharply lower, reflecting cautious investor sentiment. The index plunged during intra-day trade, hitting a session low of 178,725.25 points amid broad-based selling across key sectors. Although a late-session recovery trimmed some losses, it failed to reverse the negative momentum. By the close, the KSE-100 index tumbled down 2,537.16 points, or 1.39 % and closed at 180,512.65 points. Market participation remained active, but declining stocks outpaced advancing ones, highlighting continued risk-averse behaviour among investors. Overall, the session underscored persistent selling pressure, with traders opting to reduce exposure despite a modest late rebound.