PSX falls over 1,300 points amid selling pressure

The Pakistan Stock Exchange remained under pressure on Tuesday as heavy selling continued in the market.

By the end of trading, the benchmark KSE-100 Index closed at 173,150.41, down 1,303.52 points or 0.75%. Investors continued to sell shares, which pushed the market lower.

This decline came after a major drop on Monday. On that day, the KSE-100 Index had fallen sharply by 5,149.79 points, or 2.87%, closing at 174,453.94. The strong selling showed weak investor confidence and growing market uncertainty.

Meanwhile, the Pakistani rupee showed a slight improvement against the US dollar in the inter-bank market. By the end of trading on Tuesday, the rupee stood at 279.60 against the dollar, gaining Rs0.01.

A day earlier, the rupee had closed at 279.61, according to data shared by the State Bank of Pakistan.