Islamabad, May 7, 2025: The Pakistan Stock Exchange (PSX) faced a severe setback on Wednesday morning as the benchmark KSE-100 index plunged nearly 6,500 points during intraday trading — one of the steepest drops in recent market history.
By mid-morning, panic selling triggered a freefall, pushing the index down by a staggering 6,560 points to 107,007, marking a 5.78% decline from the previous close.
At 9:35 AM, the market was already down by 4.42% or 5,016 points, standing at 108,552.
Market activity revealed heightened investor anxiety, with only 12 out of 298 companies seeing any gains. A massive 277 stocks ended in the red, while 9 remained unchanged.
Over 32.39 million shares changed hands, valued at Rs. 1.44 billion, reflecting widespread sell-offs.
Top traded stocks also saw price drops, indicating market-wide bearish sentiment. Notable volumes included:
- WorldCall Telecom (WTL): Fell by Rs. 0.10 to Rs. 1.23
- Bank of Punjab (BOP): Dropped Rs. 0.69 to Rs. 9.10
- Sui Southern Gas Company (SSGC): Slipped Rs. 2.58 to Rs. 33.50
- K-Electric (KEL): Down Rs. 0.23 at Rs. 4.15
- Pakistan Refinery Limited (PRL): Lost Rs. 2.67, closing at Rs. 26.85
Financial analysts attribute this historic dip in the KSE-100 index to a combination of political uncertainty, weakening macroeconomic indicators, and looming concerns over policy decisions by the new government.
Read More: PSX Drops Over 2,500 Points Amid Indian Attack Fears
Global market volatility and investor fears of capital flight have only added fuel to the fire.
Compared to regional markets, Pakistan’s stock performance today stood in stark contrast, with other Asian indices remaining relatively stable, highlighting the local nature of investor concerns.
What’s Next?
With investor confidence shaken, all eyes are on government and central bank responses.
Market experts urge immediate policy clarity and fiscal direction to restore investor trust and stabilize the Pakistan Stock Exchange (PSX).
