PSX: KSE-100 sheds over 250 points points as late-session selling erases intraday gains

Business Recorder reported that the KSE-100 finished Wednesday at 179,083.80, lower by 251.44 points, or 0.14%. The index had fallen to 178,642.36 early in the session, then climbed above 180,000 and reached a high of 180,769.21 before sellers pared those gains.

The late retreat followed an uneven session, with the benchmark recovering more than once before turning down again near the close. Tuesday’s much stronger advance had lifted the index by 5,448.56 points, or 3.13%, to 179,335.24. In overseas markets, Asian shares were mixed, while US inflation data and comments from Federal Reserve officials shaped expectations for interest-rate increases.