The Pakistan Stock Exchange (PSX) witnessed a volatile session as the KSE-100 index dropped over 550 points on Tuesday.
The KSE-100 Index closed at 135,939.87, marking a decline of 562.66 points or 0.41%.
The session began on a bullish note, with the benchmark index reaching an all-time intra-day high of 137,747.60. However, profit-taking in the final hours of trade erased earlier gains, pulling the index down to an intraday low of 135,826.40 by the close.
This followed a strong start to the week on Monday, when the market rallied significantly. The KSE-100 Index surged by 2,203 points, or 1.64%, to close at a then-record high of 136,502.54. The rally was fueled by robust institutional buying and rising investor confidence.
Meanwhile, the Pakistani rupee recorded a marginal gain against the US dollar in the interbank market on Tuesday. The currency appreciated by 0.02%, closing at 284.67, up by Re0.05.
