KARACHI: The bears staged a comeback at the Pakistan Stock Exchange (PSX) market on Wednesday as the benchmark KSE-100 index experienced another round of battering and shed over 300 points.
Inflation concerns arising from the reversal of subsidies shattered investor confidence. Widespread uncertainty about political developments exacerbated the market’s decline.
All index-heavy sectors lost major ground and closed with marginal losses.
Earlier, trading began on a negative note and the market remained on the downtrend till the end of the session.
At close, the benchmark KSE-100 index recorded a decrease of 322.10 points, or 0.75%, to settle at 42,756.04 points.