Pakistan, Oct. 9 -- The Pakistan Stock Exchange (PSX) extended its downward trend on Thursday as the benchmark KSE-100 Index fell by 736 points, or 0.45%, closing at 164,531 amid persistent institutional selling. Despite strong remittance inflows and positive economic cues, investors remained cautious as the market faced heavy volatility and struggled to sustain intraday recoveries.

Throughout the session, the benchmark index witnessed sharp swings, hitting an intraday low of 164,307 (-0.58%) and a high of 166,730 (+0.89%). The fluctuation reflected increasing investor uncertainty, with participants choosing to book profits instead of taking new positions. Analysts noted that selling by local institutions and insurance companies further ...