KARACHI, December 10, 2024: The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday, with the benchmark KSE-100 index dropping 1,073.74 points, or 0.98%, to close at 108,896.65 points, down from the previous day’s 109,970.39 points.
Trading volume stood at 1.54 billion shares, slightly lower than the previous session’s 1.59 billion shares. The total value of traded shares increased to Rs68.8 billion from Rs60.25 billion.
According to analysts, the market initially displayed optimism, buoyed by positive macroeconomic developments and strong buying interest in key sectors. However, the gains were short-lived as profit-taking in heavyweight sectors led to a sharp intraday decline. Despite the downturn, the market managed to close above its intraday lows, suggesting some degree of investor confidence.
The day reflected a volatile trading environment, with profit booking dominating the session, impacting investor sentiment and driving the index into the red zone.
