Early Trade Shows Cautious Start

PSX opened Tuesday on a weak note. The KSE-100 Index fell 42.39 points to 178,157.63 at the start. Investors stayed cautious due to mixed global signals.

Brief Recovery in Morning Session

The market recovered soon after opening. Selective buying lifted the index to 178,422.70 by 10:19am, a gain of 222.68 points. However, the rise did not last long.

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Selling pressure returned quickly. The index slipped to 178,264.28 by 10:44am. It later hovered near flat at 178,222.08 around noon. Investors started booking profits after early gains.

Midday Pressure Deepens

PSX came under stronger pressure after midday. The KSE-100 Index dropped to 177,666.74 by 1:24pm. It lost 533.28 points, or 0.30%, from the previous close.

Intraday Volatility Remains High

The index moved between 178,768.83 and 177,738.34 during the session. This wide range showed strong volatility. Trading activity stayed moderate. About 186.36 million shares changed hands. The total value reached Rs11.38 billion.

Global Cues Weigh on Sentiment

Asian markets also stayed unstable. Investors reacted to mixed US corporate earnings. They also watched technology and AI-related stocks closely.

Oil prices rose after reports of attacks on ships in the Strait of Hormuz. This added pressure on global markets. It also increased uncertainty for local investors.

Mixed Investor Strategy

Market participants shifted between buying and selling. They picked strong stocks but also booked profits in recent gainers. This created sharp swings in the index.

Outlook Remains Uncertain

Analysts said investors are watching global trends closely. Oil prices, Middle East tensions, and US earnings will guide future sentiment. They expect continued volatility in the coming sessions.

Trading at the Pakistan Stock Exchange was still ongoing at the time of reporting.