Pakistan stock market slips into red after record rally, KSE-100 closes lower
Business
After hitting a record high, Pakistan’s KSE-100 index fell 294 points to 170,447 amid profit-taking. Key sectors like oil, gas, cement, and power remained resilient.
KARACHI ( Dunya News) – After a strong start, the Pakistan Stock Exchange (PSX) saw a sudden pullback on Tuesday, with the KSE-100 index closing in the negative zone.
Trading opened on a bullish note, with the index surging over 1,000 points to reach an all-time high of 171,922 points. However, optimism faded during the session as a sharp sell-off emerged, pushing the KSE-100 down by 294 points to close at 170,447.
Investors continued to show interest in key sectors, including automobile assemblers, cement, fertilizers, oil and gas exploration companies, oil marketing companies, power generation firms, and refineries. Shares of POL, OGDC, Mari Petroleum, Hubco, PPL, and SSGC remained in the positive zone despite the overall market downturn.
The previous trading day ended with the KSE-100 index rising 876 points to close at 170,741, signaling a volatile start to the week with alternating bullish and bearish sentiments.
Experts suggest that while profit-taking led to the late-session slump, strong fundamentals in select sectors continue to support market activity.
