KARACHI:

The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday, giving up early gains as investors engaged in profit‑taking amid a cautious regional outlook, with declines in major Asian markets further dampening sentiment.

The benchmark KSE‑100 Index initially rose by up to 375 points, reaching an intraday peak of 187,829.72.

Subsequent selling pressure pulled the Index down by 436 points, bringing it to 187,018.89 by mid‑morning. A modest rebound followed, but the market failed to return to positive territory.

As of 12:49 pm, when this report was compiled, the benchmark Index stood at 187,219.45, down 235.24 points, or 0.13%, with trading still in progress.

Investor sentiment stayed cautious, as most regional equity markets posted losses, prompting market participants to secure recent gains following the PSX’s record‑breaking rally.

Selling pressure was observed across several key sectors, including automobile manufacturers, cement producers, commercial banks, fertilizer firms, oil and gas exploration companies, oil marketing firms, power generation and refinery stocks, further weighing on the benchmark Index.

During the session, the Index fluctuated between a high of 188,126.67 and a low of 186,686.32. Market participation remained robust, with 251.22 million shares traded and a total traded value of Rs18.90 billion.

Analysts noted that investors were engaging in selective profit‑taking after the recent record highs, while closely watching regional market movements and awaiting fresh domestic catalysts to guide the market’s next direction.

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