The Pakistan Stock Exchange (PSX) extended its losing streak on Tuesday, with the benchmark KSE-100 index plunging 2,062 points amid persistent profit-taking and weak investor sentiment. Early gains were quickly erased as market participants opted to secure profits following recent rallies. The index, which touched an intra-day high of 163,380 points, reversed sharply to close at 160,101, marking a 1.27% decline from the previous session’s close of 162,163 points.
This steep fall marked the fifth straight session of losses, reflecting a lack of confidence among investors amid ongoing macroeconomic uncertainty and cautious trading ahead of corporate earnings. The KSE-100 briefly slipped below the key 160,000-point threshold, triggering concern about the market’s short-term outlook. Analysts observed that despite initial optimism, selling pressure intensified in the second half of the session, leaving the market deep in negative territory.
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Market data showed that only 19 scrips managed to post gains while 79 ended in the red. The top positive contributors included Lucky Cement, Pakistan Services, and Service Industries, which rose between 1.6% and 1.7%. However, the market was dragged down by major losses in Hub Power (-2.18%), Meezan Bank (-1.82%), and Habib Bank (-1.9%), all of which weighed heavily on the benchmark index.
Meanwhile, corporate results released during the session provided some positive highlights. Lucky Cement announced a record quarterly consolidated profit after tax of Rs21.9 billion, up 23% year-on-year, with earnings per share of Rs15.01 for 1QFY26. Similarly, Indus Motor Company reported a record profit of Rs6.72 billion (EPS: Rs85.49), alongside a dividend of Rs51 per share, while Pakistan State Oil posted EPS of Rs20, up 136% year-on-year.
Overall trading activity remained robust, with total share volume reaching 1.01 billion compared to Monday’s 1.0 billion shares. The total traded value stood at Rs36.94 billion. Out of 476 active scrips, 113 advanced, 324 declined, and 39 remained unchanged. K-Electric led the volume chart with 94.6 million shares traded, losing Rs0.54 to close at Rs5.27. Analysts warned that the latest decline wiped out all gains made since mid-October, cautioning that further pressure could push the market toward October’s lows if sentiment fails to improve.