PSX drops nearly 800 points as market faces selling pressure

The Pakistan Stock Exchange (PSX) remained under pressure on Tuesday as the benchmark KSE-100 Index dropped nearly 800 points during the session.

At the close of trading, the index settled at 177,692.92, down 778.94 points or 0.44%.

Key stocks such as MARI, KML, and UBL traded in negative territory, which pulled the market lower overall.

The decline came a day after Monday’s session, where the PSX also closed lower due to profit-taking after recent strong gains. On Monday, the KSE-100 Index fell by 450.89 points to close at 178,471.87.

In global markets, oil prices also moved slightly lower on Tuesday, continuing losses from the previous session. Investors are waiting for clearer updates on the resumption of crude oil shipments through the Strait of Hormuz after recent US-Iran peace talks.

Brent crude fell by 20 cents to $77.70 per barrel, while US West Texas Intermediate (WTI) dropped by 12 cents to $73.74 per barrel.

On the domestic front, the National Assembly passed the Finance Bill 2026 for the fiscal year 2026–27 on Tuesday. The bill was approved with several amendments supported by coalition partners.