KARACHI (Dunya News) -The Pakistan Stock Exchange (PSX) reversed early gains on Tuesday as selling pressure erased an initial rally, pushing the benchmark KSE-100 Index into negative territory by the close of trading.
The market opened on a strong note, with the benchmark index rising by more than 600 points during early trading to reach an intraday high of 188,126 points, reflecting continued investor optimism.
However, sentiment weakened during the trading session as profit-taking and selling pressure emerged across the market, causing the index to surrender its gains.
At the close of trading, the KSE-100 Index settled at 186,255 points, down 1,199 points from the previous session.
The sharp reversal came a day after the market posted strong gains. On Monday, the benchmark index had climbed 2,082 points to close at 187,454 points, extending its bullish momentum.
Market participants will continue to monitor economic developments, corporate earnings and policy announcements for direction in the coming sessions.