PSX extended its losing streak on Wednesday as heavy selling weighed on investor sentiment, pushing equities sharply lower. The benchmark KSE-100 Index dropped 1,632 points, or 0.98 percent, to settle at 164,626.

The latest decline has significantly widened recent losses. From a record high near 189,000 reached just weeks ago, the index has now shed close to 25,000 points, underscoring the depth of the ongoing correction.

Trading remained volatile through the session. In early hours, the main board at the Pakistan Stock Exchange briefly slid by as much as 2,029 points (1.22 percent), touching an intraday low of 164,229 before trimming some losses.

Market activity remained robust despite the downturn. Around 351 million shares changed hands during the day, with the total traded value reaching Rs. 25.2 billion.

Overall market breadth stayed negative. Out of 567 listed companies that saw trading activity, 278 closed lower, 143 ended in the green, while 146 finished unchanged.

On the volumes leaderboard, K-Electric dominated for the third consecutive session this week, with nearly 100 million shares traded. It was followed by Cnergyico, Fateh Netwrok, WorldCall Telecom, National Bank of Pakistan, Bank of Punjab, and Telecard, all featuring among the most actively traded stocks of the day.