PSX Crashes By Over 6,500 Points in First Minute of Trade Following Indian Attack

The Pakistan Stock Exchange (PSX) witnessed a bloodbath on early Wednesday morning as the benchmark KSE-100 index plummeted by nearly 6,500 points during intraday trade. Massive selling pressure saw the KSE-100 index lose 6,560 points to crash to 107,007 points, down 5.78 percent over the previous closing. At 9:35 AM, it was down 4.42 percent or 5,016 points at 108,552. At1:45 AM, it had recovered and was down 1.25 percent or 1,424 points at 112,143 points. A total of 227.9 million shares have been traded during the day so far. The price of shares stood at Rs. 11 billion. 402 companies transacted their shares in the stock market today so far, with 69 of them recording gains and 327 sustaining losses, whereas the share price of 6 companies remained unchanged. CEO Topline Securities Mohammed Sohail said, This is an intraday market update.