The Pakistan Stock Exchange (PSX) witnessed volatile trading on Tuesday as early gains quickly reversed, pushing the benchmark KSE-100 Index down by 665 points. The index had surged by over 900 points in morning trade but later slipped into negative territory. Investor sentiment remained cautious amid global geopolitical uncertainty and profit-taking.
At around 2:12pm, the KSE-100 Index stood at 169,840.75, reflecting a decline of 665.56 points. Trading volume reached 284.03 million shares, with a total value of Rs12.02 billion. Despite strong participation, selling pressure dominated heavyweight sectors, including banking, cement, oil, and power stocks.
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Overall market activity remained robust, with total shares traded crossing 1.06 billion and total value reaching Rs49 billion. K-Electric Limited led the volume chart with 195.8 million shares traded. However, gains in select stocks were not enough to sustain the early upward momentum.
The session followed a bearish trend from the previous day when the index lost 610 points. Market analysts linked the volatility to uncertainty surrounding US-Iran peace negotiations. Escalating geopolitical tensions in the Middle East continued to weigh on investor confidence. Profit-taking further intensified pressure on the index throughout the session.
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Despite intraday swings, analysts noted that trading activity remained active, indicating continued investor engagement. However, they warned that external risks and regional instability could keep markets under pressure in the near term.