Karachi: The Pakistan Stock Exchange (PSX) witnessed a disappointing performance on Tuesday as investors turned cautious and the momentum could not be sustained.
The benchmark PSX-100 index fell 254 points to close at 121,971, below the key psychological barrier of 122,000. Earlier in the session, optimism briefly lifted the index to an intraday high of 122,891, but selling pressure soon brought the market down.
Analysts attributed the day’s retreat to profit-taking and ongoing regional tensions, which have created uncertainty among institutional and retail investors alike.
Despite a strong start to the week, Tuesday’s decline shows that the market is sensitive to geopolitical cues and lacks a strong direction for sustainable growth.
