The Pakistan Stock Exchange (PSX) saw selling pressure return on Tuesday, with the benchmark KSE-100 index shedding 1,521.39 points, or 0.93%, to close at 161,281.77.
The market opened positively but quickly lost momentum, fluctuating between an intraday high of 163,384.95 and a low of 161,159.26. According to Topline Securities, after two consecutive sessions of strong gains, renewed bearish sentiment led to brackly news-taking by investors.
Blue-chip stocks, including ENGRO, MARI, BAHL, MCB, and TRG, contributed to the decline, collectively eroding 543 points from the index.
In a related development, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial ruled out any contingency plans for new taxation measures despite a revenue shortfall of Rs275 billion for the July-October 2025-26 period.
On Monday, the PSX had started the week on a positive note, driven by momentum from Friday’s session and regional sentiment following the Pakistan-Afghanistan ceasefire agreement. The KSE-100 index rose by 1,171.42 points, or 0.72%, to close at 162,803.16 points.
Volume on the all-share index decreased to 899.41 million shares, from 949.36 million in the previous session, while the value of shares traded fell to Rs37.31 billion, down from Rs47.58 billion. WorldCall Telecom led the volume with 78.87 million shares, followed by Telecard Limited (76.86 million) and K-Electric Ltd (71.62 million).
Shares of 479 companies were traded, with 133 seeing gains, 314 declining, and 32 remaining unchanged.
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