In early intra-day trading on Tuesday, the Pakistan Stock Market (PSX) saw a substantial decline as points fell below the 61,000 mark.
The Karachi Stock Exchange (KSE-100) index dropped by 1021 points, leading the market to trade at 60684.47 points, marking a 1.26% change.
Last week, the KSE-100 index experienced a significant plunge of over 2,600 points during intra-day trading, causing it to fall below the 63,000 points threshold.
Around 2:30 pm, reports indicated the market trading at 62,571 points. The KSE-100 index had been on a bullish trend for over a month following the successful finalization of a staff-level agreement with the International Monetary Fund (IMF).
Market analysts attributed the bearish trend primarily to stocks in sectors such as exploration and production (E&P), fertilizer, and banking.
