The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Tuesday, with the KSE-100 index falling by 3,505.62 points, or 3.57%, to close at 94,574.16.
The market opened on a bearish note, falling more than 600 points early in the day, as political tensions engulfed the federal capital.
Intraday trading witnessed a brief spike at 11:00 a.m. due to heavy buying in the banking sector, pushing the index to its highest level during the day at 99,819.59 points. However, the upward momentum faded, and the index fell to an intraday low of 94180.59.
At the end of trading, the market recorded a total trading volume of 517.93 million shares, worth 31.14 billion riyals.
This decrease came in the wake of violent clashes between supporters of the Pakistan Tehreek-e-Insaf party and security forces in Islamabad. Despite Monday’s resilience, as banking sector-led gains pushed the index above 98,000, trading sentiment deteriorated on Tuesday amid growing uncertainty.