The Pakistan Stock Exchange (PSX) faced a turbulent trading session on Tuesday as the benchmark KSE-100 index dropped by 1,073.73 points, closing at 108,896.65—a nearly 1% decline from the previous day’s close.
Brokerage firm Topline Securities reported significant market volatility, with the index fluctuating within a broad 4,000-point range. The session opened on a bullish note, bolstered by strong buying in key sectors driven by favorable macroeconomic indicators.
However, the early momentum was short-lived as investors locked in profits, particularly in heavyweight sectors, causing a sharp intraday decline. Despite the losses, the index managed to recover slightly by the end of the session, reflecting some underlying investor confidence.
Concerns over the Advance-to-Deposit Ratio (ADR) exerted pressure on financial heavyweights such as BAHL, MCB, UBL, and BAFL, which closed in negative territory.
On the positive side, stocks like MARI, LUCK, ATRL, SYS, and SEARL collectively contributed 508 points to the index. Conversely, UBL, BAHL, MCB, EFERT, and ENGRO dragged the index down, collectively erasing 629 points.
The day’s performance underscores a cautious sentiment among investors, with profit-taking outweighing optimism in key sectors.
