The Pakistan Stock Exchange (PSX) on Tuesday erased the Monday’s gain as the benchmark KSE-100 Index dropped over 1,500 points.
At close, the benchmark index settled at 161,281.76, a decrease of 1521.39 points or 0.93%.
Selling pressure persisted across major sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration, oil marketing companies, and power generation. Heavyweight stocks including HUBCO, MARI, OGDC, PPL, POL, MEBL, and MCB traded lower, dragging the overall market sentiment into negative territory.
On Monday, the Pakistan Stock Exchange (PSX) began on a strong footing, buoyed by positive momentum from Friday’s session and improved regional sentiment following the recent Pakistan–Afghanistan ceasefire. The benchmark KSE-100 index gained 1,171.42 points, or 0.72%, to close at 162,803.16 points on Monday.
Meanwhile, the Pakistani rupee showed slight appreciation against the US dollar, strengthening by 0.08% during early trading on Tuesday. By 10 a.m., the local currency was quoted at Rs280.67, marking a modest gain of Re0.23 against the greenback in the inter-bank market.
