Pakistan, May 8 -- Pakistan Stock Exchange witnessed a sharp decline on Friday as the benchmark index fell by 1,778 points. The negative trend wiped out billions in market value and reflected strong selling pressure throughout the trading session. Investors remained cautious amid broader regional market weakness.

At the start of trading, the index dropped by 1,327 points and slipped to 170,393 points. Selling pressure continued during the day, preventing any recovery in market sentiment. The downward momentum persisted until the closing session.

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By the end of trading, the benchmark index settled at 171,115 points after a total decline of 1,778 points. This follow...