The impending International Monetary Fund (IMF) review and worries about income shortfalls caused investors to respond carefully, which kept the stock market under pressure on Wednesday.
Foreign outflows, global economic uncertainty, and changes in real estate sector policies caused the market to battle for direction.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) fell 1,634.22 points (-1.46%) to close at 110,301.16, down from 111,935.38 the previous day.
The index fell to a session low of 109,405.53 after reaching an intraday high of 112,234.15.
The impending IMF review, which is scheduled to start later this month, was blamed by market observers for the subdued sentiment.
Speaking to television, Ismail Iqbal Securities CEO Ahfaz Mustafa stated: “The impending IMF review is putting pressure on markets.”
