PSX loses nearly 300 points amid profit-taking

The Pakistan Stock Exchange (PSX) on Tuesday gave in to profit-taking after early gains, as the benchmark KSE-100 Index lost nearly 300 points.

At close, the benchmark index settled at 170,447.29, down 294.05 or 0.17%.

Selling was observed across major sectors, including automobile assemblers, cement, fertilizer, oil and gas exploration companies, OMCs, power generation and refining.

In a surprise move on Monday, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) cut the policy rate by 50 basis points.

The move came as a surprise, as most market analysts had anticipated a status quo. However, to reinforce ongoing price stability, the Committee decided at its meeting on Monday at the SBP head office to lower the policy rate to 10.5%, effective December 16, 2025

Meanwhile, the Pakistani rupee strengthened against the US dollar, appreciating 0.06% in early inter-bank trading on Tuesday. By 10:05am, the local currency was trading at 280.15, up 16 paisas against the greenback.