Pakistan Stock Exchange( PSX) witnessed a volatile trading session on Tuesday as investors resorted to profit taking, following exacerbating law and order situation and surge in Covid-19 cases. PSX benchmark Kse-100 gained 468.64 points by the session’s closing to clock at 41,381 index level. On Tuesday, the kse-100 witnessed an early surge, right after the opening bell, following yesterday’s promising gains, however, the index reversed its direction and succumbed to profit taking, as investors preferred to book profit on attractive levels despite of impressive corporate results, as crucial futures rollover effect kicks-in. Market sentiments also took a hit following a deadly terrorist attack, which ripped through a seminary in Peshawar, killing at least 8 people and injured more than 110 people. Moreover, domestic investors also took cues from the retreating global stock and commodity markets, as mounting covid-19 cases takes toll on investors’ confidence. During the day, the benchmark KSE-100 Index began the session on a positive note and touched its intraday high at 41,922.19 after gaining 71.72 points, however paring earlier gains, the index touched its intra low at 41,327.72 after losing 522.75 points. At kse-100, the index volumes stood at 305.5 million shares, while the overall market volumes also stood at 481.05 million shares. The volume chart was led by Unity Foods Limited, followed by, Power Cement Limited and Fauji Fertilizer Bin Qasim Limited. The scrips exchanged 77.19 million, 33.04 million and 31.34 million shares, respectively. Sectors which dented the index were Commercial Banks with 139 points, Cement with 90 points, Oil & Gas Exploration Companies with 63 points, Oil & Gas Marketing Companies with 29 points and Fertilizer with 26 points. Among the scrips, most points taken off the index was by Habib Bank Limited which stripped the index of 60 points followed by Babk Al Habib Limited with 46 points, Pakistan State Oil with 33 points, TRG Pakistan Limited with 28 points and Oil & Gas Development Company Limited with 22 points. However, sectors which continued to resist the pressure were Power Generation & Distribution with 19 points, Vanaspati & Allied Industries with 12 points and Transport with 3 points. Among the scrips, most points added to the index was by Hub Power Company Limited which contributed 28 points followed by Muslim Commercial Bank with 15 points, Unity Foods Limited with 12 points, Searle Company Limited with 11 points and Fauji Fertilizer Bin Qasim Limited with 7 points. Global Markets: Global stocks continued to struggle against mounting the concerns of rapid spread of coronavirus across the globe. On Tuesday major equity markets struggled to recover from Monday’s sell-off as soaring global coronavirus cases and further delays to a potential U.S. stimulus bill hammered sentiment. On Monday, stocks in Asia-Pacific traded lower following Monday’s tumble on Wall Street, but Hong Kong-listed shares of HSBC gained substantially after the banking giant beat third-quarter profit expectations. U.S. stock futures pointed to a slightly higher open later on Tuesday. Among the major markets, Hong Kong’s Hang Seng led the losses, and closed 0.53% lower at 24,787.19, followed by South Korea’s Kospi index which dipped 0.56% to close at 2,330.84. The losses came despite, advance estimate released by the Bank of Korea revealed that the South Korea’s real gross domestic product grew 1.9% in the third quarter as as compared to the previous quarter. Meanwhile, In Japan, the Nikkei 225 also ended its trading day fractionally lower at 23,485.80. However, Chinese stocks pared its earlier losses, as Shanghai composite gained around 0.1% to about 3,254.32. In Europe, the markets also retreated across the continent, as investors continued to monitor the rapid spread of coronavirus. The pan-European Stoxx 600 slid 0.6% below the flatline by mid-afternoon, with oil and gas stocks down 2% to lead losses, while tech stocks regained 0.8% following a 7.4% plunge on Monday. Among the major markets, CAC-40 in France led the losses, which dipped over 1.44%, followed by UK’s FTSE-100 and German’s DAX, which lost 0.73% and 0.62%. In U.S, Wall Street continued retreat for the second consecutive day as the coronavirus continues to batter the U.S. During the early trading hours, 30-stock Dow slid 129 points, while the S&P 500 dipped 0.2%. The tech heavy Nasdaq Composite also traded over the flat line. On Tuesday, Wall Street was coming off a tough session, with the Dow posting its biggest one-day drop since early September. The decline was sparked in part by the rising number of coronavirus cases and an inability by lawmakers to push forward on new fiscal stimulus. Meanwhile, Investors are also bracing for a potentially contested election result, which could lead to volatile trading in the markets.