Pakistan, Oct. 16 -- The Pakistan Stock Exchange (PSX) witnessed a significant downturn on Thursday, closing the trading session with a loss of 1,241 points after showing early signs of strength. The benchmark KSE-100 Index settled at 164,444 points by the end of the day, reflecting increased investor uncertainty and profit-taking amid volatile market sentiment.

During the early hours of trading, the market initially surged by 593 points, reaching an intraday high of 166,864, as investors responded positively to improving economic cues. However, the momentum could not sustain, and heavy selling pressure in key sectors such as banking, energy, and cement led to a sharp reversal in the later hours of the session.

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