The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Wednesday, with the KSE-100 Index fluctuating between gains and losses throughout the day.
By 12:25 PM, the benchmark KSE-100 Index had fallen by 434.08 points, or 0.26%, to reach 165,739.66 points.
Selling pressure was observed in key sectors including cement, commercial banks, oil marketing companies, and power generation. Major stocks such as SNGPL, Mari Petroleum, Hub Power (HUBCO), SSGC, and PPL were trading in the red zone.
In a key development, the World Bank revised down Pakistan’s GDP growth forecast by 0.5 percentage points to 2.6% for FY2025–26, compared to the earlier estimate of 3.1% issued in June 2025. The Bank attributed this downgrade to the impact of recent devastating floods, which have affected the pace of economic recovery. It also warned of potential inflationary pressures due to disruptions in the food supply chain.
On Tuesday, the stock market had closed in negative territory as heavy profit-taking by local institutions wiped out earlier gains. The benchmark KSE-100 Index had declined by 1,578.66 points, or 0.94%, closing at 166,173.75 points.
