The Pakistan Stock Exchange (PSX) on Tuesday continued to witness selling pressure with the benchmark KSE-100 Index dropping nearly 1,600 points.
At close, the benchmark index settled at 168,916.22, a decline of 1,590.09 points or 0.93%.
Selling was observed in automobile assemblers, cement, banking, oil and gas exploration, oil marketing companies, power generation and refinery stocks. Heavyweight scrips such as KML, MARI, OGDC, PPL, POL, PAEL, and KAPCO closed in negative territory.
On Monday, however, the PSX experienced a dull and range-bound session as escalating tensions between the United States and Iran kept investors cautious, limiting market activity and pulling benchmark indices lower despite selective buying.
The benchmark KSE-100 Index ended Monday’s session at 170,506.31 points, down by 609.51 points, or 0.36 percent.
Meanwhile, the State Bank of Pakistan (SBP) expects the country’s real GDP growth for FY26 to remain near the lower end of its earlier forecast range of 3.75pc to 4.75pc.
The central bank also said that, despite improving economic activity and rising commodity prices, the current account deficit is projected to stay close to the lower side of the previously estimated range of 0pc to 1pc of GDP.
