The Pakistan Stock Exchange (PSX) experienced a turbulent trading session on Tuesday, with the benchmark KSE-100 Index falling by 254.31 points to close at 121,971.04. Earlier in the day, the index had climbed to a high of 122,891.61.
Despite a strong start with a gain of over 600 points, the market was unable to sustain its upward momentum due to mounting selling pressure, leading to a negative close.
The day’s trading volume dropped significantly, with 202.41 million shares exchanged compared to 1.22 billion shares in the previous session. The total value of traded shares also declined to Rs 15.89 billion from Rs 25.75 billion.
Out of 473 companies that traded, 193 saw an increase in their share prices, while 244 posted losses and 36 remained unchanged.
Key sectors under selling pressure included automobile assemblers, cement, banking, oil and gas exploration, OMCs, power generation, and refinery. Major index movers included HUBCO, ARL, PSO, SNGPL, MARI, POL, and PPL.
This decline follows a modest gain on Monday, when the market closed 81.79 points higher at 122,225.36.
