PSX Extends Correction for Second Day, KSE-100 Drops Over 1,400 Points

Pakistan’s stock market continued its downward trend on Tuesday, with the Pakistan Stock Exchange witnessing a second consecutive day of losses.

The KSE-100 Index declined by 1,432 points, or 0.85%, closing at 166,258 points. Since reaching its recent peak of 189,000 points, the index has lost nearly 23,000 points, reflecting ongoing market correction pressures.

During the early hours of trading, the benchmark briefly tumbled by 5,329 points, or 3.15%, reaching an intraday low of 163,907 points. Analysts attribute the sharp declines to a combination of profit-taking, macroeconomic concerns, and investor sentiment reacting to both local and global market developments.

The recent correction has sparked cautious trading, with investors closely monitoring economic indicators, corporate earnings announcements, and geopolitical factors that could influence market stability in the coming weeks.