Business

PSX Bloodbath continues as Indian Attack’s 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.