Karachi: The Pakistan Stock Exchange (PSX) experienced significant pressure, losing over 940 points intraday before closing down 118 points at the 81,114 level. This decline was primarily driven by a wave of foreign selling.

According to JS Global, the trading session opened under pressure, quickly reaching an intraday low of 80,352 points. The trading volume for the day was recorded at 298 million shares, with PIAHCLA, WTL, HUBC, KEL, and FFBL emerging as key volume leaders. In light of these conditions, JS Global advises investors to remain cautious and consider opportunities during market dips.

The market dynamics are reflected in the bearish spell continuing from previous sessions, emphasizing the volatile nature of the stock market. This comes at a time when other regional markets also faced declines, further underscoring the challenging global economic environment affecting local and international investor sentiments.