The Pakistan Stock Exchange witnessed an initial recovery on Wednesday, but the benchmark index failed to sustain its position above the 180,000-point mark.
The KSE-100 Index opened the trading session with a decline of nearly 500 points. However, following the previous day's strong rally, renewed buying by investors pushed the index up by approximately 1,450 points, taking it to an intraday high of 180,769 points.
The upward momentum could not be sustained, and the market eventually closed in negative territory. The benchmark index settled at 179,083 points, down 251 points.
Around 1.25 billion shares were traded during the session, with transactions valued at Rs41 billion. Meanwhile, the market capitalisation increased by Rs20 billion to reach Rs19.376 trillion.
