Islamabad, Apr 30, 2025: The stock market saw a significant downturn on Wednesday morning, as the Pakistan Stock Exchange (PSX) experienced a drop of over 2,500 points.
Investors were heavily betting on the possibility of an Indian military operation across the Line of Control (LoC) within the next 24 to 36 hours, which led to a widespread sell-off.
By 9:40 AM, the KSE-100 index had plummeted by 1,832 points, or 1.59%, settling at 113,040.
However, there was a slight recovery in the following 30 minutes.
At 10:20 AM, the index remained in the red, losing 1,531 points or 1.33%, bringing it to 113,340.
Read More: PSX to Remain Closed on May 1 for Labour Day
By 10:48 AM, the KSE-100 index had fallen by 2,566 points or 2.23%, reaching 112,306. At the time of reporting, 69.3 million shares had changed hands, with a total value of Rs. 4.58 billion.
Out of the 394 companies listed on the stock exchange, 75 saw an increase in their share prices, while 305 experienced declines.
The remaining 14 companies had no change in their stock prices.
Top Volumes:
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| CNERGY | 7.45 | 7.75 | 7.39 | -0.36 | 13,181,876 |
| WTL | 1.23 | 1.26 | 1.22 | -0.03 | 8,223,988 |
| MLCF | 66.9 | 69.0 | 66.0 | -2.02 | 4,473,350 |
| FFL | 14.47 | 14.92 | 14.35 | -0.49 | 4,066,812 |
| SNGP | 122.8 | 124.99 | 121.5 | -3.17 | 3,730,275 |
| FCCL | 42.4 | 43.48 | 41.75 | -1.33 | 3,585,093 |
| PREMA | 71.2 | 71.71 | 65.4 | 0.22 | 3,519,071 |
