Selling returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index losing over 800 points on Wednesday.
At close, the benchmark index settled at 170,190.64, a decrease of 831.13 points or 0.49%.
Selling pressure was witnessed across major sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries.
Index-heavy stocks such as MARI, PSO, HUBCO, and PPL remained under pressure and closed in negative territory.
The downturn followed a positive session on Tuesday, when the Pakistan Stock Exchange (PSX) ended modestly higher. Improved investor sentiment, supported by declining international oil prices and selective buying in key sectors, helped the benchmark index recover part of the losses recorded in the previous trading session.
The benchmark KSE-100 Index gained 421.57 points, or 0.25%, to settle at 171,021.77 points.
Meanwhile, the federal government is set to present the budget for fiscal year 2026-27 on June 10. The announcement comes after a change in schedule, as the budget was initially expected to be unveiled on June 5.
Confirming the development, senior Pakistan Muslim League-Nawaz (PML-N) leader and Member of the National Assembly, Tahira Aurangzeb, said the federal budget would now be presented on June 10.
