Amid a challenging trading session on Wednesday the Pakistan Stock Exchange (PSX) witnessed a significant downturn as the KSE100 Index fell by 1,204.21 points, closing at 117,226.15. This marks a 1.02% decline from its previous close, while the KSE30 Index also experienced a decrease of 383.53 points, settling at 36,019.66.

In the ready market, 276 companies saw declines, 127 advanced, and 54 remained unchanged out of a total of 457 companies. The future market mirrored this trend with 254 companies declining, 62 advancing, and three unchanged.

Market turnover in the regular segment dropped to 605,175,574 shares from the previous 740,872,571, with a traded value of approximately 27.76 billion PKR, down from 30.52 billion PKR. The market capitalization experienced a reduction, standing at roughly 14.34 trillion PKR, compared to the previous 14.44 trillion PKR.

B.O.Punjab led the turnover with 58,495,594 shares traded, closing at 10.04 PKR. WorldCall Telecom and Power Cement followed, with closing rates of 1.33 PKR and 14.20 PKR, respectively. Despite the downward trend, Dewan Cement recorded a noticeable increase, closing at 10.46 PKR.

The decline in indices reflects broader market sentiments, with investors closely watching economic indicators and geopolitical developments impacting trading strategies.