The Pakistan Stock Exchange (PSX) 100-Index witnessed a bullish trend on Wednesday, gaining 4,695.09 points, a 4.96 percent increase, closing at 99,269.25 points compared to the previous day close of 94,574.16 points.

Trading volume reached 1,057 million shares, slightly lower than Tuesday’s 1,116 million, with share value standing at Rs. 39.56 billion, down from Rs. 43.29 billion.

Out of 453 companies, 356 saw their share prices rise, 52 experienced declines, and 45 remained unchanged.

A day earlier, the PSX experienced its steepest fall of the year, with the KSE-100 index dropping by 3,505 points, closing at 96,314 points.

The decline followed a record high of 99,819 points earlier in the day, highlighting the market’s volatility amid political instability.

Out of 455 companies that traded, 355 recorded losses, while only 52 posted gains. Over 1.1 billion shares were traded, reflecting significant activity despite the downward trend.

Experts attribute the sharp decline to ongoing political unrest, which has shaken investor confidence.

The bearish turn follows a period of optimism; just days prior, the market recorded an impressive rally, with the 100 Index gaining 2,295 points in a single session and crossing the 99,000-point milestone for the first time.

During the recent bullish phase, the market witnessed a trading volume of 1.24 billion shares worth Rs 45 billion, and 112 companies saw gains.