In a tumultuous trading session, the Pakistan Stock Exchange (PSX) experienced a historic downturn on Tuesday, with the KSE-100 index recording its largest-ever single-day decline in terms of points. The index plummeted by 3,505.62 points, or 3.71%, closing at 94,574.16 points, down from 98,079.78 points on the previous trading day.
The dramatic drop was attributed to a combination of profit-taking and ongoing political chaos, which unsettled investors and led to a surge in trading activity.
A total of 1,113,617,710 shares changed hands, significantly up from 640,258,528 shares traded on the previous day. The total value of traded shares also rose sharply to Rs. 43.165 billion, compared to Rs. 25.623 billion on the last trading day.
Out of 455 companies that traded on the stock market, 52 recorded gains, while 355 suffered losses. The share prices of 48 companies remained unchanged. The market’s steep decline reflects the heightened uncertainty and volatility affecting investor sentiment amid the current political landscape.