PSX in Correction Mode 2nd Day in a Row After Losing Over 1,400 Points Today

Pakistan equities continued to fall deeper in red on Tuesday.

The KSE-100 Index fell by 1,432 points (-0.85 percent), closing the session at 166,258 points. Since hitting its peak of 189,000, the benchmark index has lost almost 23,000 points so far.

During the earlier hours of trade, the main bourse briefly fell by 5,329 points (-3.15 percent) to as low as 163,907.

A total of 345 million shares were traded during the day. The price of shares stood at Rs. 31.57 billion.

CEO Topline Securities Mohammed Sohail said the benchmark index has officially entered correction territory.

He explained, “Since June 2023 — when the index was at 40,000 and Pakistan secured support from the International Monetary Fund — the market rallied nearly 4.7x in what has been a historic bull run. During this period, the index has corrected 10%+ three times (Dec 2023, May 2025, and now). In earlier cases, the market recovered as macro and political stability remained intact”.

This time as well, there is no major macro shock. The sell-off appears driven by above average foreign selling, Reko Diq-related concerns, softer corporate results, and stock futures unwinding, he said.

At current forward PE levels of 8, valuations remain attractive. “An 11% fall is a correction — not a bear market,” Sohail further added.

Top Volumes

As many as 567 companies transacted their shares in the stock market, 139 of them recorded gains and 292 sustained losses, whereas the share price of 136 companies remained unchanged.

K-Electric (KEL) led the volumes chart second day in a row this week, recording over 64 million shares traded.