Selling continues at PSX, KSE-100 Index closes 348 points lower

Business Recorder reported that the KSE-100 index closed 347.97 points, or 0.21 per cent, lower at 164,776.44 on Tuesday as selling persisted at the Pakistan Stock Exchange. Earlier in the session the benchmark had climbed to 166,070.48 in the first half, but a later slide carried it down to an intra-day low of 164,773.67. Topline Securities called the session range-bound and linked the weakness to cautious investor sentiment and persistent selling in index-heavy stocks.

Topline said the laggards PTC, UBL, HBL, LUCK and MARI together contributed roughly 343 points to the decline. Separately, the IMF's World Economic Outlook, published on Tuesday, sees inflation rising to 9.9% in 2027 and GDP growth moderating to 3.5%, after inflation of 7.1% in 2026.

Trading turnover rose as volume reached 383.75 million shares from 362.95 million, while the value of shares traded fell to Rs13.10 billion from Rs14.51 billion. Of the 500 companies traded, 223 advanced, 226 declined and 51 remained unchanged. In the inter-bank market, the rupee closed at 276.96 against the dollar, a gain of Rs0.01.