Pakistan, April 29 -- The Pakistan Stock Exchange came under strong selling pressure on Wednesday as the KSE-100 Index fell more than 1,300 points. The decline erased early gains and reflected growing investor caution. Market sentiment weakened amid profit-taking and broader economic uncertainty.

The benchmark index dropped to 167,054 points, marking a decline of 1,358 points or 0.81 percent. The market initially traded in positive territory before reversing direction before midday. Heavy selling pressure pushed the index to an intraday low during the session.

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Losses were broad-based across key sectors including banks, oil and gas exploration, oil marketing companies, power generati...