The bourse closed at 132,576.99 - down from the previous close of 133,403.19. This sharp 0.62 percent decline has raised eyebrows across investor circles, according to data available at PSX website.

Trading activity also showed a downward trend, with 905,743,882 shares traded—far below the 1,206,524,901 shares recorded the day before. The total share value also dropped to Rs30.530 billion, compared to Rs42.028 billion in the last session, indicating lower investor confidence.

Out of 478 companies that participated in trading, 200 posted gains, 254 faced losses, while 24 remained unchanged. The numbers reflect a bearish sentiment sweeping across the board.

Among the most traded stocks, TPL Properties led with 65,908,965 shares at Rs10.68 per share, followed by Kohinoor Spinning with 62,445,020 shares at Rs6.65, and PIA Holding Company with 39,774,070 shares traded at Rs23.23.

In terms of biggest gainers, PIA Holding Company LimitedB saw a remarkable rise of Rs1,964.91 per share, closing at Rs21,614.00. Unilever Pakistan Foods Limited followed with a notable Rs249.85 increase, ending at Rs23,488.49.

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However, it wasn’t all gains. Hoechst Pakistan Limited recorded the biggest drop, losing Rs96.45 to close at Rs3,350.63. Pakistan Services Limited also took a hit, with its share price falling by Rs44.28 to Rs833.57.

This dip in the PSX appears to be driven by declining investor activity, possibly due to macroeconomic concerns or short-term profit-taking. While some companies saw impressive gains, the overall trend highlights caution and instability in market behavior. Traders are now watching closely for cues that could reverse this bearish wave.