Stocks retreated on Tuesday, amid overdue technical correction as kse-100 lost 310.56 points by the session closing to close at 41,985.19 index level. On Tuesday, bulls took a respite, following strong performance in the previous session. Inter alia, Investors also closely followed developments over rising political noise in Sindh over a Rs.1.1 trillion Karachi Transformation Plan announced by the Prime Minister to resolve the lingering and chronic issues of the port city, which submerged under during recent floods. Moreover, the dip in international prices also dragged down the index, after Oil prices slumped to their lowest level in more than two months Tuesday, under pressure from a stalling recovery in demand and planned production expansions by OPEC that threaten to add to an existing glut of crude. On Tuesday despite gaining over 200 points during the initial trading hours, which was led by refinery cement, Oil & Marketing Companies and chemical sectors, the index lost to profit taking. During a volatile session, the index touched its intraday high at 42,528.49 after gaining 232.74 points, and also touched an intraday low at 41,912.60 after it lost 383.15 points.The index volumes jumped from 388.89 million shares in the previous session to 514.88 million shares, while the overall market volumes also increased from 748.89 million shares in the previous session to 884.37 million shares. The volume chart was led by Hascol Petroleum Limited followed by Pakistan International Bulk Terminal Limited and Power Cement Limited. The scrips exchanged 134 million, 66.00 million and 58.05 million shares, respectively.Sectors which added dent to the index were Commercial Banks with 79 points, Oil & Gas Marketing Companies with 36 points, Chemical with 35 points, Pharmaceuticals with 24 points and Oil & Gas Exploration Companies with 24 points. Among the scrips, most points taken off the index was by TRG Pakistan Limited which stripped the index of 33 points followed by Habib Bank Limited with 28 points, Muslim Commercial Bank with 25 points, Hascol Petroleum imited with 23 points and Oil & Gas Development Company Limited with 19 points. Sectors which continued to lift the index were Food & Personal Care Products with 14 points, Refinery with 13 points, Technology & Communication with 4 points, Sugar & Allied Industries with 2 points and Insurance with 2 points. Among the scrips, most points added to the index was by Systems Limited which contributed 36 points followed by Lucky Cement Limited with 32 points, National Foods Limited with 19 points, ubilee Life Insurance Company Limited with 13 points and Byco Petroleum Pakistan Limited with 11 points. Global markets: Markets across the globe witnessed a mixed trend on Tuesday, as investors have entered a directionless territory. Lack of certainty over Covid-19 and worsening conditions of global economies has rattled investor sentiments, as the recent rally which was led by the tech stocks in U.S- which strengthened markets around the world, has also faltered.Investors are also treading cautiously over escalating U.S-Sino tensions, as the rifts between the two economic giants have moved beyond trade and technology and is now intensifying in the financial sector as well. Investors are following the developments past the threats by Trump administration aimed at China, to delist Chinese companies, indicating that the U.S. is determined to sever financial market links between the two countries.In Asia, stocks advanced across the board, as investors treaded cautiously over rising U.S-China diplomatic tensions. Among major regional markets, Japan’s Nikkei 225 led the gains and advanced 0.8% to close at 23,274.13, followed by South Korea’s Kospi index, which rose 0.74% to close at 2,401.91. Chinese stocks also followed the trend and edged higher on the day, as the Shanghai composite added 0.72% to about 3,316.42 while in Hong Kong, Hang Seng index closer 0.14% higher.In Europe, stocks retreated on Tuesday over mounting uncertainty. Investors’ are concerned over a brash Brexit amid escalating tensions between the U.K. and European Union has put at risk the chances of a post-Brexit trade deal in the coming months. U.K. is planning to ramp up its preparations to leave the economic bloc without a deal if no free trade accord can be reached this week. It was also reported, that Uk’s Prime Minister Boris Johnson’s government intends to legislate to override aspects of the Withdrawal Agreement it signed in January, with the EU warning Monday that there will be no deal if this course of action is pursued.On Tuesday, pan-European Stoxx 600 traded slightly below the flatline by mid-morning, with the tech sector falling another 2% as all sectors and major bourses fell into negative territory. Among the major markets, CAC-40 in France led the losses, which declined 1.46%, followed by Germany’s DAX which edged lower 0.78% UK’s FTSE-100 also followed the trend and fractionally lower.In U.S, stocks continue to retreat at Wall Street as tech stocks continue to take the hit, following their worst sell-off in more than five months last week. During the early trade, the tech heavy Nasdaq Composite dropped nearly 2% while, Dow Jones Industrial Average receded over 400 points. The S&P 500 also declined on the day, and was trading over 2 % lower. Among the major stocks, Tesla plunged 14% after the S&P Dow Jones Indices failed to add the surging and speculative stock to the S&P 500. Moreover, other hot Nasdaq stocks were also hit hard with Facebook, Amazon, Microsoft, and Google-parent Alphabet were all losing 2% each.