PSX Bloodbath continues as Indian Attack’s Fear grows

By Huma Ishfaq ⏐ 7 months ago ⏐

2 min read

Psx Bloodbath Continues As Indian Attacks Fear Grows

The Pakistan Stock Exchange (PSX) witnessed a severe drop on Wednesday morning, with the KSE-100 index losing over 2,500 points as fears of an impending Indian military attack across the Line of Control (LoC) gripped investors. The market’s early performance reflected high uncertainty, with a sharp decline in stock values.

Here are the key movements in the market:

Time	KSE-100 Index Movement	Points Lost	Percentage Change	Index Value
9:40 AM	Initial Drop	1,832 points	-1.59%	113,040
10:20 AM	Recovery Phase	1,531 points	-1.33%	113,340
10:48 AM	Severe Drop	2,566 points	-2.23%	112,306

At the time of press, a total of 69.3 million shares valued at Rs. 4.58 billion were traded. Among the 394 companies that saw activity, 305 companies experienced losses, while 75 saw gains, and 14 remained unchanged.

The following are the top trading volumes during the session:

Scrip	Price	High	Low	Change	Volume
CNERGY	7.45	7.75	7.39	-0.36	13,181,876
WTL	1.23	1.26	1.22	-0.03	8,223,988
MLCF	66.9	69.0	66.0	-2.02	4,473,350
FFL	14.47	14.92	14.35	-0.49	4,066,812
SNGP	122.8	124.99	121.5	-3.17	3,730,275
FCCL	42.4	43.48	41.75	-1.33	3,585,093
PREMA	71.2	71.71	65.4	0.22	3,519,071

By the end of the session, despite some recovery attempts, the market continued to be influenced by investor concerns over the potential for escalating tensions in the region.