The Pakistan Stock Exchange lost further ground as the benchmark KSE-100 index fell by more than 1,700 points, mainly due to the absence of major triggers to encourage investors to build new positions. A day earlier, the market had shed 1,521 points, driven by profit-taking at higher valuations.

Although trading opened positively and stayed in the green for a short time, the market began to decline before midday. The index hit an intra-day low of 159,217 points later in the session and closed slightly above that level. At the close, the KSE-100 index recorded a drop of 1,703.58 points, or 1.06%, to settle at 159,578.19.

Topline Securities, in its market review, said, “The KSE-100 index ended the session on a negative note on Wednesday. Throughout the day, the benchmark oscillated between

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