After a surge in buying on Monday, selling pressure returned to the Pakistan Stock Exchange on Tuesday, with the KSE-100 benchmark index losing approximately 2,900 points during trading.
At 2:50 PM, the benchmark index stood at 158,662.79, down 2,875.61 points (1.78%).
Sector-wise Performance
Heavy selling was observed in key sectors including:
- Automobile assemblers
- Cement
- Commercial banks
- Oil & gas exploration companies
- OMCs
- Power generation
- Refineries
Major stocks such as Hubco, Mari, OGDC, POL, PPL, PSO, MCB, MEBL, and NBP traded in the negative zone.
On Monday, the market had experienced strong bullish momentum, with all major indices posting significant gains. Renewed investor confidence, improved trading volumes, and robust corporate activity pushed the KSE-100 index up by 1,945.50 points (1.22%), closing at 161,538.41 points.
