Pakistan Stock Exchange index falls 348 points amid selling pressure
The Pakistan Stock Exchange benchmark KSE-100 Index closed lower on Tuesday after investors sold shares due to political turmoil and economic concerns.
Market closes below resistance level
The benchmark index settled at 164,776.44 points, down 347.97 points or 0.21 percent from the previous session. Selling pressure returned during the afternoon after some buying activity in the first half pushed the index to an intra-day high of 166,070.48.
Major stocks drag performance down
Index-heavy stocks including PTC, UBL, HBL, LUCK, and MARI acted as major laggards during the trading session. These specific stocks collectively contributed approximately 343 points to the overall decline in the benchmark index.
Trading volume rises while value dips
Investor participation improved as trading volume increased, though the total traded value decreased during the session. Brokerage house Topline Securities noted that investor sentiment remains cautious amid ongoing market volatility and economic uncertainty.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
Reported by
2 independent outlets. Headlines as published. Links open the original report.