Karachi: The Pakistan Stock Exchange (PSX) witnessed a highly volatile trading session on Tuesday, where early buying momentum pushed the benchmark index sharply higher before profit-taking erased gains and dragged the market into the red.
Early Gains Reverse Into Losses
According to Beyond Time News, the KSE-100 Index initially surged by over 900 points in morning trade, supported by renewed investor interest. However, the momentum could not sustain as selling pressure emerged later in the session.
By 2:12pm, the index had slipped to 169,840.75 points, reflecting a decline of 665.56 points.
Trading Activity Remains Strong
Market activity remained robust despite the downturn. Trading volume stood at 284.03 million shares, while the total traded value reached Rs 12.02 billion.
PSX Faces Volatile Trading as Regional Uncertainty Triggers
Profit-Taking and Global Concerns Weigh on Market
Analysts attributed the reversal to profit-taking after early gains, along with continued uncertainty in global markets. Geopolitical tensions and economic concerns also kept investor sentiment cautious throughout the session.
The previous day also saw pressure at the PSX, where the KSE-100 index dropped amid uncertainty surrounding geopolitical developments and external negotiations, contributing to overall market volatility.
Market Outlook
Despite brief recovery attempts during intraday trading, sustained selling in key sectors kept the benchmark index under pressure, reflecting a cautious stance among investors.
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