The Pakistan Stock Exchange (PSX) extended its losing streak for a third consecutive session on Wednesday, with the benchmark KSE-100 index witnessing sharp fluctuations throughout the day.

Trading opened on a positive note, pushing the index to an intra-day high of 166,947.19. However, selling pressure mounted later, dragging the index to a low of 165,109.84. By the close, the KSE-100 index had dropped 907 points, or 0.55%, to settle at 165,266.75.

KTrade Securities equity trader Ahmed Sheraz said the decline was driven by investor concerns after the State Bank of Pakistan indicated that a policy rate cut is unlikely at the upcoming Monetary Policy Committee (MPC) meeting. “This unease is further compounded by heightened scrutiny from the International Monetary Fund as part of its ongoi

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