The Pakistan Stock Exchange witnessed selling pressure on Thursday as the benchmark KSE-100 Index fell over 1,500 points.
At close, the benchmark index settled at 152,740.37, down 1,551.88 points or 1.01%.
Selling pressure was seen across major sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration, oil marketing companies, power generation, and refining. Heavyweight stocks such as ARL, HUBCO, MARI, OGDC, POL, PPL, HBL, MCB, MEBL, and NBP all closed in negative territory.
On Wednesday, however, the Pakistan Stock Exchange experienced a strong rebound, with the benchmark index staging a sharp recovery on the back of improved investor sentiment.
The rally was driven by softer global oil prices and renewed buying interest in key sectors. The KSE-100 Index settled at 154,292.26 points, surging by 4,276.09 points, or 2.85%.
Meanwhile, Oil prices rose on Thursday, with benchmark Brent rising as much as $5 a barrel, after Iran attacked energy facilities across the Middle East following a strike on the South Pars gas field, a major escalation in the war with the United States and Israel.
Brent futures were up $4.66, or 4.3%, at $112.04 a barrel by 0400 GMT, after an earlier rise of more than $5 to $112.86 a barrel.
