Pakistan, May 14 -- The Pakistan Stock Exchange witnessed a sharp downturn on Thursday as early gains were wiped out during trading. The benchmark index fell into negative territory and closed below the 167,000-point level. The decline reflects continued volatility and shifting investor sentiment in the market.

At the start of the session, the market showed strong momentum with a gain of over 1,000 points. The index reached 168,528 points during early trading hours. However, the positive trend proved short-lived as selling pressure emerged later in the session.

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Moreover, the downturn intensified as trading progressed, leading to a sustained decline by the end of the day. ...