KARACHI:
The Pakistan Inventory Trade (PSX) prolonged its downturn on Tuesday, with the benchmark KSE‑100 index falling 1,303.52 factors to settle at 173,150.42, as persistent international company promoting exacerbated bearish sentiment throughout key sectors.
After opening greater and briefly reaching 176,131.35, early good points had been quick‑lived as traders booked earnings and reversed course. A modest noon rebound didn’t maintain momentum, and renewed promoting within the ultimate hour dragged the index towards an intra‑day low of 171,693.40 earlier than the shut.
Market breadth remained weak, with declines evident in heavyweight sectors reminiscent of autos, banking, cement, oil and gasoline exploration, OMCs, and energy technology. Analysts mentioned persistent international company promoting and a fragile investor outlook continued to weigh on sentiment, mirroring volatility seen in latest classes.
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On Monday, the bourse skilled a broad‑primarily based promote‑off that noticed the KSE‑100 plunge sharply amid institutional liquidation and weak company outcomes, highlighting ongoing market fragility.
Topline Securities famous that prolonged offloading in blue‑chip names saved upward momentum in examine.
Pakistan State Oil (PSO), Habib Financial institution, Engro Holdings, United Financial institution, Fauji Fertiliser, and Nationwide Financial institution collectively eroded 892 factors from the benchmark, whereas Oil & Fuel Growth Firm, Pakistan Petroleum, Millat Tractors, and Financial institution of Punjab supplied restricted assist, including 359 factors.
In company earnings information, PSO posted an unconsolidated revenue of Rs2.7 billion in 2QFY26, with an earnings per share (EPS) of Rs5.82, beneath trade expectations on account of stock losses and a better efficient tax charge, in accordance with Topline Securities.
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Total buying and selling exercise declined as volumes fell to 716 million shares from Monday’s 773.2 million, with the entire traded worth at Rs40.4 billion. Of the 477 corporations traded, 128 superior, 293 declined and 56 ended unchanged. Ok‑Electrical topped the quantity chart with 122.6 million shares, closing at Rs7.82, down Rs0.31.
Traders might be watching macroeconomic cues and company outcomes intently after latest volatility, because the market absorbed each exterior promoting and home pressures which have saved confidence tentative.
