KARACHI: Trading at the Pakistan Stock Exchange (PSX) was dominated by selling pressure on Tuesday as the benchmark KSE-100 index saw a drop of about 300 points and extended losses from the previous session.
Lack of encouraging catalysts and the Pakistani rupee’s ongoing devaluation compelled investors to adopt a cautious attitude, which led them to take profit.
Trading earlier saw a jump in activity as market participants poured money into a select few stocks, but when bulls retreated and bears gained control, the KSE-100 index was unable to maintain the momentum.
