KARACHI (Dunya News) - Pakistan’s stock market remained under pressure for a third consecutive session on Tuesday, with the benchmark KSE-100 Index falling below the 166,000-point level amid sustained selling.
Trading opened on a positive note, with the index gaining more than 1,000 points to touch 169,686 during early business. However, sentiment reversed sharply during intraday trading as heavy selling pushed the market into negative territory.
By the close of trade, the KSE-100 Index had shed 2,588 points to settle at 165,823, extending the bearish trend seen in recent sessions.
The decline came a day after the benchmark index had closed 1,085 points lower at 168,412, underscoring continued volatility in the market.
Analysts said the sharp reversal from early gains reflected investor caution and profit-taking pressure, although no major trigger was immediately identified.
Meanwhile, Asian markets showed a mixed trend.
Hong Kong’s Hang Seng Index rose 1.29pc, while China’s Shanghai Composite gained 0.40pc. Thailand’s SET Index also posted a 0.31pc increase.
In contrast, Japan’s Nikkei Index slipped 1.02pc, while Indonesia’s Jakarta Composite declined 0.48pc.
Market participants are closely monitoring domestic economic indicators and global cues as investors assess near-term direction.