The Pakistan Stock Exchange (PSX continued its losing run on Tuesday with the benchmark KSE-100 Index dropping over 1,000 points.
At close, the benchmark index settled at 168,412.23, a decline of 1,085.12 points or 0.64%.
Selling pressure was evident across major sectors, including automobile assemblers, cement, fertilizer, oil and gas exploration companies, OMCs, and power generation.
On Monday, the PSX experienced a volatile and bearish session, with investor sentiment remaining cautious ahead of the central bank’s monetary policy announcement.
The benchmark KSE-100 Index settled at 169,497.36 points, marking a decline of 1,174.68 points, or 0.69%.
Meanwhile, the International Monetary Fund (IMF) has scheduled Pakistan on its Executive Board agenda for May 8, 2026, according to its updated website.
The board is expected to review and potentially approve the release of the next $1.21 billion tranche, which covers the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).
In global markets, oil prices rose by nearly 2% on Tuesday, building on gains from the previous session, as efforts to resolve the US-Iran conflict appeared to stall.
Brent crude futures for June delivery increased by $2.32, or 2.1%, to $110.55 per barrel as of 0638 GMT, following a 2.8% rise in the prior session, when prices reached their highest close since April 7.
