Early on Wednesday, the benchmark KSE-100 Index fell more than 400 points, down 409.81 points, or 0.34%, to 121,561.23 by 9:45 a.m.
Following a session of falling stocks, the KSE-100 Index dropped 254.32 points, or 0.21%, to close at 121,971.04 points on Tuesday, causing the Pakistan Stock Exchange (PSX) to close in a bearish trend.
After rising more than 4% the day before, oil prices increased on Wednesday, with U.S. crude rising 0.45% to $75.18 per barrel and Brent crude futures rising 0.33% to $76.70 per barrel.
Global markets continued to exhibit a general risk-off attitude, as seen by the 0.4% decline in EUROSTOXX 50 futures and the 0.26% decline in MSCI’s index of Asia-Pacific equities outside of Japan.
