Selling at bourse, KSE-100 sheds over 500 points in early trade

Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 500 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 170,499.45, down by 522.32 points or 0.31%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including MARI, PSO, HUBCO, POL, MCB, MEBL and NBP, traded in the red. In a key development, it was learnt on Tuesday that the federal government will present its budget for the financial year 2026-27 on June 10. This was stated by senior Pakistan Muslim League-Nawaz (PML-N) leader and Member of the National Assembly (MNA), Tahira Aurangzeb.