Selling pressure in top stocks like POL, PSO, HBL, MCB, and FFC pushed the market into the red.
The index hit its lowest point of the day at 182,432,24 at 1:35 PM, losing 1,519,26 points or 0.83% from the previous close of 183,951,50. It showed slight recovery later and was trading at 183,190,15 by 2:24 PM.
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The World Bank, in its latest Global Economic Prospects report, projected Pakistan’s GDP to remain at 3% for FY 2025-26. The GDP is expected to improve to 3,4% in 2026-27, but the current account deficit may rise due to higher import demand from a stronger economy and increased remittances.
Global market trends also influenced local trading. Asian equities gained, with Japanese stocks climbing ahead of a snap election. Gold and silver hit record levels, reflecting safe-haven demand amid US-Iran tensions.
Early 2026 has seen volatility at the PSX after a period of strong gains. Profit-taking in major stocks, fluctuating commodity prices, and mixed regional equity performance have added to uncertainty, affecting trader sentiment and market patterns.
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Traders faced heavy losses as top stocks fell sharply. While slight recovery occurred, global factors and local economic pressure keep the market unstable. Investors need to watch for further swings in coming sessions.