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KARACHI: After staging a spectacular recovery rally overnight, the Pakistan Stock Exchange (PSX) came under strong profit-taking pressure on Tuesday, with the benchmark KSE-100 index closing in negative territory.
Topline Securities Ltd said the PSX witnessed a volatile trading session, with the benchmark index fluctuating throughout the day. The KSE-100 opened on a positive note and climbed to an intraday high of 860 points at 179,123.01 as early buying interest kept sentiment upbeat.
However, investors opted to lock in recent gains during the latter half of the session, triggering widespread profit-taking.
As a result, the index wiped out its gains, fell to an intraday low of 827 points at 177,434.96 and eventually settled at 177,623.88, down 638.45 points, or 0.36 per cent.
