Stock Market Soars and Then Dips Rapidly: PSX Index Falls from 117,000 to 114,000 in Minutes

Karachi: The Pakistan Stock Exchange (PSX) experienced a dramatic shift in market sentiment on Tuesday, with the benchmark KSE-100 Index soaring to an all-time high of 117,000 points, only to face a sharp decline within minutes.
The market began the second day of the trading week with a bullish trend, as the KSE-100 Index opened with an increase of 766 points, reaching 116,936 points. The positive momentum continued, and the index briefly crossed the 117,000-point mark, setting a new record for the year.
However, the situation reversed abruptly as the market entered a sharp correction phase. The index plunged by more than 2,400 points, reaching a low of 113,600 points. By the end of the session, the KSE-100 had closed at 114,860 points, reflecting a loss of 1,308 points.
The sudden reversal of fortune in the market left investors stunned, with the day’s volatility marking a significant turn in the stock exchange’s performance.