PSX Loses 755 Points Amid Global Trade Tensions

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Wednesday, losing 755.40 points, a negative change of 0.65 percent, closing at 116,020.11 points as compared to 116,775.50 points on the last trading day. A total of 481,813,460 shares were traded during the day as compared to 479,465,114 shares the previous trading day, whereas the price of shares stood at Rs. 38.536 billion against Rs. 30.449 billion on the last trading day. As many as 451 companies transacted their shares in the stock market, 140 of them recorded gains and 260 sustained losses, whereas the share price of 51 companies remained unchanged. Brokerage house Topline Securities pointed out that local bourse reflected a mix of optimism and caution among investors. The market opened on a strong footing, gaining as much as 648 points in early trade. The brokerage house attributed the volatility to the ongoing trade tensions between the United States and China, which have reignited concerns over global economic stability and impacted investor sentiment.