Pakistan Stock Exchange (PSX) on Tuesday witnessed selling momentum after an early positive start due to uncertainty about the US-Iran peace deal, it was reported.
The market recorded gains at the opening of trade as the benchmark KSE-100 index gained more than 1,000 points to 171,571. However, the tables turned towards the end of the day when the index lost 1,590.09 points or minus 0.94 to 168,916 points.
Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, MCB, MEBL, NBP, and UBL, traded in the green.
On Monday, the benchmark KSE-100 Index closed at 170,506.31 points, shedding 609.51 points or 0.36%.
