After surging past 54,000 points level during intraday trading, profit-taking activities reversed the gains at the Pakistan Stock Exchange (PSX) on Tuesday, causing the benchmark KSE-100 Index to shed 124.63 points.
The KSE-100 index started the day with an upward trajectory by gaining 452 points or a 0.78% increase and reached a peak of 54,312.05 points.
However, the market experienced selling pressure before closing hours, causing the KSE-100 to conclude the day at 53,735.73 points, reflecting a decline of 125 points or 0.23%.
On Monday, the PSX gained 737.33 points or a 1.39% increase, and closed at 53,860.37 points.
Commercial banks, oil and gas exploration companies, and oil marketing companies (OMCs) showed gains, while automobile assemblers, chemical, and fertilizer sectors recorded losses.
