The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Wednesday, as early mixed trading quickly turned into a major sell-off. By the close of the trading session, the benchmark KSE-100 Index had plunged by 1,703 points, settling at 159,578 points, compared to the previous day’s close of 161,281 points. During the day, the index touched an intraday low of 159,216 points and hit a high of 162,052 points before investors began offloading shares amid uncertainty.

Market analysts said the decline came as investors chose to book profits and play it safe amid concerns over the economic outlook and global market trends.