This 0.65% decline pulled the benchmark index down to 119,153.04 from the previous 119,931.46, according to data available at the PSX website.

The downturn hints at rising uncertainty among investors, even as total trade value surprisingly rose to Rs30,813,000,000, up from Rs26,624,000,000 on the previous day. However, trading volume fell, with 589,772,649 shares exchanged, compared to 667,685,585 shares on Wednesday — suggesting that heavier investments were made in fewer trades, possibly by big players adjusting their portfolios.

Also read: Gold price drops sharply in Pakistan – Is global market pressure behind it?

Out of 466 companies that actively traded shares, 195 managed gains, but 229 suffered losses, while 42 companies held their ground with no change in value — painting a mixed but largely cautious market sentiment.

Among the most active stocks, K-Electric Limited led the charts, with 42,770,156 shares traded at Rs4.71 per share. Close behind was Bank Makramah, dealing 28,172,037 shares at Rs3.77, followed by Ghani Global Holding, with 27,642,592 shares traded at Rs16.71.

As analysts look for clues in global markets and domestic signals, investors are left wondering — is this just a dip or the start of a longer correction in Pakistan’s capital market?